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| IncomeTaxes |
State Corporate Income Tax
Base - Federal taxable income |
8.25%.
No County tax. |
State Personal Income Tax
Base - Federal adjusted gross income |
Graduated tax peaking at 6.25% on taxable income over $1 million. |
County Personal Income Surtax
Base - Federal adjusted gross income |
2.80%. |
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| Property Taxes |
Calvert |
Maryland |
Real Property
Effective rate per $100 of assessed value |
$0.892 |
$0.112 |
Business Personal Property Tax Rate
per $100 of depreciated value |
$2.23 |
$0.00 |
| Manufacturing and R&D machinery, equipment, materials and supplies |
Exempt |
$0.00 |
| Manufacturing, R&D, and warehousing inventory |
Exempt |
$0.00 |
Note:
**There are some miscellaneous taxes and/or special taxing areas in the County.
*In an incorporated area, the County rate may vary and a municipal rate will also apply.
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| Sales & Use Tax |
Calvert |
Maryland |
| Exempt: sales for resale; manufacturer's purchase of raw materials; manufacturing machinery and equipment; purchases of materials and equipment used in R&D and testing of finished products; purchases of computer programs for reproduction or incorporation into another computer program for resale. |
none |
6% |
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