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DATA CENTER - Taxes
carroll county |
maryland |
|
|---|---|---|
| Real Property Tax Rate | $1.048* |
$0.112 |
| Business Personal Property Tax Rate (taxed on depreciated value-assessed at 40%) |
$2.62* |
$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.
| municipality | tax rate per $100 of assessment |
|---|---|
| Town of Hampstead |
$0.20 |
Town of Manchester |
$0.184 |
Town of Mt. Airy |
$0.174 |
Town of New Windsor |
$0.20 |
Town of Sykesville |
$0.33 |
City of Taneytown |
$0.32 |
Town of Union Bridge |
$0.30 |
City of Westminster |
$0.44 |
Compare Maryland County & Municipal Rates
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 over $3,000.
County Personal Income Tax: 3.05% 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.
2007-2008 Tax data
Last updated: January 16, 2008
Copyright © 2008 Carroll County Department of Economic Development • 225 N. Center St., Suite 101, Westminster, Maryland 21157
Phone: 410-386-2070 | 410-876-2450 • TT:410-848-3017 • Fax: 410-876-8471
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