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<July 2014>

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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)


Tax Rate per $100

Allegany County


Anne Arundel County


Baltimore City


Baltimore County


Calvert County


Caroline County


Carroll County


Cecil County


Charles County


Dorchester County


Frederick County


Garrett County


Harford County


Howard County


Kent County


Montgomery County


Prince George's County


Queen Anne's County


St. Mary's County


Somerset County


Talbot County


Washington County


Wicomico County


Worcester County


* 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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