Taxes
Income Taxes
State Corporate Income Tax
- Base - Federal taxable income: 8.25%
- No county tax
State Personal Income Tax
- Graduated tax ranges from 2.0% to 5.75% depending on income
- Base - Federal adjusted gross income: 3.0%
Property Taxes
Type of Property Tax |
Calvert County |
State of Maryland |
---|---|---|
Business personal property tax rate - Per $100 of depreciated value |
$2.23 |
N/A |
Manufacturing, R&D machinery, equipment, materials and supplies |
Exempt |
N/A |
Manufacturing, R&D machinery and warehousing inventory |
Exempt |
N/A |
Real property - Effective rate per $100 of assessed value |
$0.952 |
$0.112 |
Note: There are some miscellaneous taxes and/or special taxing areas within Calvert County. In an incorporated area, the county rate may vary and a municipal rate will also apply.
Sales and Use Tax
- Calvert County - None
- State of Maryland - 6%
Exemptions to the Sales & Use Tax
- Sales for resale
- Manufacturer's purchase of raw materials
- Manufacturing machinery and equipment
- Purchases of materials and equipment used in research, development, and testing of finished products
- Purchases of computer programs for reproduction or incorporation into another computer program for resale