Maryland Income Tax
Maryland has a progressive income tax with rates ranging from 2-5.75%. Lower income earners pay the lower rate, with the top rate applying to the highest bracket.
Maryland Sales Tax
The state sales tax rate in Maryland is 6%. With an average local sales tax of 0%, the combined average sales tax rate is 6%.
Maryland Property Tax
The effective property tax rate in Maryland is 1.07%. With a median home value of $383,600, the median annual property tax bill is $4,320 ($360/month).
Corporate & Business Taxes
The corporate tax rate in Maryland is 8.25%.
Other Taxes in Maryland
| Tax Type | Rate / Amount |
|---|---|
| Gas Excise Tax | $0.36/gallon |
| Cigarette Tax | $3.75/pack |
| Estate Tax | Yes |
| Inheritance Tax | Yes |
Key Facts
Only state with both estate and inheritance tax. Counties add 2.25-3.2% local income tax.
Compare to Other States
See how salaries compare on our average salary in Maryland page. Thinking about starting a business? Check our LLC guide for Maryland. See the current minimum wage in Maryland.
Financial Calculators
Plan your finances in Maryland with our free tools:
- Paycheck Calculator — estimate take-home pay after taxes
- Salary Calculator — convert hourly to annual pay
- Mortgage Calculator — estimate monthly home payments
- Home Affordability Calculator — see how property taxes affect what you can afford