Carroll County, Maryland Department of Economic Development


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

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

Municipal Taxes (based on full value assessment)
real property rate per $100 of assessment
Town of Hampstead
Town of Manchester
Town of Mt. Airy
Town of New Windsor
Town of Sykesville
City of Taneytown
Town of Union Bridge
City of Westminster

   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.


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

Copyright © 2017 Carroll County Department of Economic Development • 225 N. Center St., Suite 101, Westminster, Maryland 21157
Phone: 410-386-2070 | 410-876-2450 | MD Relay: 711 or 1-800-735-2258 | Fax: 410-876-8471| Disclaimer of Liability & Endorsement | Site Design by Kohn Creative