The diverse source of revenue to the County has allowed the County to maintain a stable tax structure. The last change to tax rates was actually a decrease to the property real tax rates. This ensures a consistent tax rate into the future.
Baltimore County is the single taxing authority within its borders. There are no school, fire, stormwater or special taxing districts, nor other overlapping jurisdictions (city, towns, villages) within Baltimore County.
Marylandhas:
No gross receipts tax on manufacturers
No corporate franchise tax
No unitary tax on profits
No income tax on foreign dividends (if the corporation owns 50 percent or more of the subsidiary)
No separate school taxes
Manufacturers’ income tax liability is based solely on their percentage of in-state sales.
Maryland‘s Workers Compensation has very competitive rates—workers' compensation for manufacturers is 20 percent below the national average.
Tax Rates
BaltimoreCounty
Maryland
Business Personal property tax rate (per $100 of assessed value) For additional information contact Maryland Dept of Assessments & Taxation
$2.7875
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Real property tax rate
$1.10
$0.112
Research & Development Machinery, equipment, materials and supplies
Partially Exempt
Exempt
Manufacturers Machinery, tools and equipment, manufacturer's inventories, inventories for warehousing and distribution
Exempt 100%
Exempt 100%
Utility Taxes Electricity (commercial and industrial) $0.00375 per kWh of electricity for large manufacturers. Telephone
$.0053 per kWh
8.0%
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Sales and Use Tax Imposed upon the sale or use of tangible personal property & a limited number of services
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6%
Corporate Income Tax
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8.25%
Personal Income Tax Unemployment is taxed w/in the same line item (of Federal Adjusted Gross Income over $3,000)
2.83%
4.75%
Hotel Tax (based on the room rate)
8%
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Amusement Tax Applied to admissions, the use of recreational/sports equipment and the sale of merchandise, refreshments or services at a nightclub or similar place where entertainment is provided.
