Talbot County, Maryland

Fiscal Year 2024 (July 1, 2023 - June 30, 2024)

• Real Property Tax

  	County Tax Rate	State Tax Rate	Municipal Tax Rate
  Unincorporated	$0.7434	$0.1120	N/A
  Easton	$0.6105	$0.1120	$0.520
  Oxford	$0.6255	$0.1120	$0.320
  Queen Anne	$0.6834	$0.1120	$0.180
  St. Michaels	$0.6165	$0.1120	$0.470
  Trappe	$0.6455	$0.1120	$0.330

  Per $100 of assessed value

  All County tax rates include an Education Supplement of $0.048.

  A service charge based on a rate not to exceed 0.692 percent will be applied to the unpaid balance of Real Property Taxes due in December on the properties with the semi-annual payment option.

• Railroad & Public Utilities Tax

  	County Tax Rate	State Tax Rate
  Unincorporated	$1.8585	$0.28
  Easton	$1.5263	$0.28
  Oxford	$1.5638	$0.28
  Queen Anne	$1.7085	$0.28
  St. Michaels	$1.5413	$0.28
  Trappe	$1.6138	$0.28

  Per $100 of assessed value

• Income Tax

  Local Income Tax revenue for FY 2024 is based on a rate of 2.40% of the Maryland Taxable Income.

• 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.

• 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.

• 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.

• 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.

• 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.