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Skip Navigation LinksChoose Maryland > Facts & Stats

taxes

Business Personal Property

There is no state tax on business personal property in Maryland.  In addition, six counties (Caroline, Frederick, Garrett, Kent, Queen Anne's and Talbot) do not levy personal property taxes on ordinary business. The remaining counties and the City of Baltimore 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. Most jurisdictions offer complete or partial exemptions on manufacturing and research and development machinery and equipment, and on manufacturing and warehousing inventories.  

Business Personal Property Tax Rates for Fiscal Year 2014
(July 1, 2013 - June 30, 2014)

Jurisdiction

Tax Rate per $100

Allegany County

$2.450

Anne Arundel County

$2.375

Baltimore City

$5.620

Baltimore County

$2.750

Calvert County

$2.230

Caroline County

*

Carroll County

$2.515

Cecil County

$2.4768

Charles County

$3.0125

Dorchester County

$2.440*

Frederick County

*

Garrett County

*

Harford County

$2.605

Howard County

$2.535

Kent County

*

Montgomery County

$1.898

Prince George's County

$2.400

Queen Anne's County

*

St. Mary's County

$2.1425

Somerset County

$2.2875

Talbot County

*

Washington County

$2.370

Wicomico County

$2.1367

Worcester County

$1.925

* Caroline, Frederick, Garrett, Kent, Queen Anne's, and Talbot counties do not impose personal property taxes on ordinary businesses.  Only utility operating property is taxed. In addition, Dorchester County is phasing out its business personal property tax 10 percent per year, with a current exemption of 80 percent.
Note: In addition to county property taxes, incorporated municipalities levy business personal property taxes. Additional miscellaneous taxes and/or special taxing areas may apply.
Source: Maryland Department of Assessments and Taxation

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