Carroll County, Maryland Department of Economic Development

DATA CENTER - Taxes

Property Taxes (Per $100 of Assessment)
 
carroll county
maryland
Real Property Tax Rate
$1.018*
$0.112
Business Personal Property Tax Rate
(taxed on depreciated value-assessed at 40%)
$2.515*
$0.00
R&D machinery, equipment materials and supplies
Exempt
$0.00
Manufacturing machinery, equipment materials and supplies
Exempt
$0.00
Manufacturing/R&D Inventory
Exempt
$0.00
Warehousing Inventory
Exempt
$0.00

*In an incorporated area, a municipal rate will also apply.

Municipal Taxes (based on full value assessment)
municipality
real property rate per $100 of assessment
Town of Hampstead
$0.22
Town of Manchester
$0.216
Town of Mt. Airy
$0.1695
Town of New Windsor
$0.2615
Town of Sykesville
$0.35
City of Taneytown
$0.37
Town of Union Bridge
$0.35
City of Westminster
$0.56

   Income Taxes

State Corporate Income Tax: 8.25% of net income attributable to business transacted within Maryland. No County Tax.
State Personal Income Tax: 4.75% of taxable income (graduated increase to maximun 5.75% for income over $250,000).
County Personal Income Tax: 3.03% of taxable income.

Sales and Use Tax

State: 6% on tangible personal property sold at retail or used in Maryland. Does not apply to sales for resale. Does not apply to a manufacturer's purchase of raw materials nor manufacturing machinery and equipment. Tax exemptions for R&D firms include: purchases of materials and equipment used in R&D and testing of finished products, and purchases of computer programs for reproduction or incorporation into another computer program for resale.

County:
None

Unemployment Insurance

For information regarding Unemployment Insurance, please contact the Maryland Department of Labor, Licensing and Regulation.

Workers' Compensation

For information regarding Workers' Compensation, please see the Maryland Department of Business and Economic Development web site.


2016 Tax data
Last updated: August 22, 2016




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