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

County Personal Income Surtax

• 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