Property Tax

County Tax Rates

 

Property: per $100 of assessment in 2011

Transfer: FY 2009

Recordation: per $500 of transaction in FY 2009

 

Real

Personal

Utility

 

 

Anne Arundel

$0.88

$2.20

$2.20

0.50%

$3.50

Baltimore Co.

$1.10

$2.75

$2.75

1.50%

$5.00

Baltimore City

$2.27

$5.67

$5.67

1.50%

$2.50

Carroll

$1.05

$2.62

$2.62

0%

$5.00

Cecil

$0.92

$2.29

$2.29

0%

$4.10

Harford

$1.04

$2.61

$2.61

1%

$3.30

Howard

$1.01

$2.56

$2.56

1%

$2.50

Data Source: Maryland Department of Assessments and Taxation

Real Property Tax


Real property in Maryland is appraised at market value and taxed on assessed value. The assessment was recently changed to full value, or 100 percent of market value. Both state and local real property taxes are applied to assessed value.

Real Property Tax Incentives

  • Upon application, each county may award tax credits to eligible new or expanding manufacturers.
  • Certain jurisdictions may grant redevelopment/revitalization tax credits to qualified businesses.
  • New or expanding businesses locating in a Maryland Enterprise Zone receive property tax credits on improvements to real property.
  • In focus areas within the state's enterprise zones, the real property tax credit is enhanced.
  • As part of the state's Smart Growth initiative, counties may grant tax credits for cleanup and improvement of qualified brownfield sites.

Business Personal Property Tax


There is no state tax on business personal property in Maryland. All regional counties and Baltimore City levy taxes on the depreciated value of business personal property, which for most property is 10 percent annually to a minimum of 25 percent of original cost.

 

Business Personal Property Tax Incentives for the Baltimore Region

  • Manufacturing machinery, equipment, materials, and supplies are totally exempt; many municipalities also offer exemptions.
  • Machinery, equipment, materials, and supplies used primarily in research and development are treated as manufacturing equipment for tax purposes and are exempt.
  • Manufacturing and R&D inventory is exempt; many municipalities also offer exemptions.
  • Commercial inventory for warehouse/distribution is exempt; many municipalities also offer exemptions.
  • Customized computer software is exempt. Local jurisdictions may grant a tax credit for "off-the-shelf" computer software.
  • In "focus areas" within Maryland's Enterprise Zones, a 10 year, 80 percent credit is given on the increase in assessment of business personal property.
  • Through their discretionary authority, local jurisdictions may grant tax exemptions and credits.

Additional information on property tax and exemptions, including municipalities, is available though the Maryland Department of Assessments and Taxation(DAT).