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
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