Tax Rates
Fiscal Year 2024 (July 1, 2023 - June 30, 2024)
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Real Property Tax
County Tax Rate State Tax Rate Municipal Tax Rate Unincorporated $0.7910 $0.1120 N/A Easton $0.6580 $0.1120 $0.520 Oxford $0.6730 $0.1120 $0.320 Queen Anne $0.7309 $0.1120 $0.180 St. Michaels $0.6640 $0.1120 $0.470 Trappe $0.6930 $0.1120 $0.330 Per $100 of assessed value
All County tax rates include an Education Supplement of $0.04.
A service charge based on a rate not to exceed 1.41 percent will be applied to the unpaid balance of Real Property Taxes due in December on the properties with the semi-annual payment option.
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Railroad & Public Utilities Tax
County Tax Rate State Tax Rate Unincorporated $1.9775 $0.28 Easton $1.6450 $0.28 Oxford $1.6825 $0.28 Queen Anne $1.8273 $0.28 St. Michaels $1.6600 $0.28 Trappe $1.7325 $0.28 Per $100 of assessed value
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Income Tax
Local Income Tax revenue for FY 2024 is based on a rate of 2.40% of the Maryland Taxable Income.
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Recordation Tax
Recordation tax revenue for FY 2024 is based on a rate of $6.00 per $500 of the value of the recorded transaction.
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Transfer Tax
Transfer Tax revenue for FY 2024 is based on a rate of 1.0% of the actual consideration paid for the conveyance of title, except that the first fifty thousand dollars ($50,000) of consideration payable on the conveyance of owner-occupied residential property intended to be used by the buyer as an owner-occupied residence shall be exempt from this tax.
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Mobile / Manufactured Home Rental Tax
Mobile/manufactured Home Rental Community Tax revenue for FY 2024 is based on a rate of $50 per mobile/manufactured home per quarter.
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Public Accommodations Tax
Public Accommodations Tax revenue for FY 2024 is based on a rate of 4.0% of the value of the rental of rooms for sleeping accommodations provided to transients.
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Admissions & Amusement Tax
Admissions and Amusement Tax revenue for FY 2024 is based on a rate of 5.0% of the value of the admissions.
Page last modified Wednesday, August 14, 2024 9:50:10 AM