Business Climate
Taxes & Government
Tax Rates
| Tax | State* | County | City |
|---|---|---|---|
| Sales Tax | 6% | No additional local sales tax. | |
| Real Property Assessment ** Rate per $100 of assessed value | $.112 | $.948 | $.798 |
| Business Personal Property ** Rate per $100 of assessed value | None | 2.37 | $1.995 |
| Machinery, Tools & Equipment (Mfg.) | Exempt | Exempt | Exempt*** |
| Manufacturer Inventories | Exempt | Exempt | Exempt |
| Warehousing Inventories | Exempt | Exempt | Exempt |
- * Maryland does not impose a state personal property tax on business. Some business exemptions apply to state sales tax.
- ** Assessment ratio 100%