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Maryland
By the Numbers

Below is a snapshot of key features of Maryland's tax system. (Scroll Down)
State & Local Revenue (FY08)
  • General Revenue, Own-Source (GROS): $36.9 billion
  • General Revenue as a Share of Income: 13.8%
  • Tax Revenue: $27.7 billion
  • Tax Revenue as Share of income: 10.3%
  • Personal Income Tax (Share of Tax Revenue): 40.4% (1 out of 51)
  • Corporate Income Tax (Share of Tax Revenue): 2.7% (40 out of 51)
  • Sales & Excise Tax (Share of Tax Revenue): 24.6% (43 out of 51)
  • Property Tax (Share of Tax Revenue): 23.9% (37 out of 51)
  • Other Taxes (Share of Tax Revenue): 6.8% (7 out of 51)
Personal Income Tax Features (2011)
  • Range of Tax Rates: 2.0% - 5.5%
  • Standard Deduction: $1,500-$2,000 ($3,000-$4,000 for Married Couples)
  • Personal Exemption: $3,200
  • Dependent Exemption: $3,200
  • Earned Income Tax Credit (EITC): 25% Refundable / 50% Nonrefundable
  • Top rate will decline to 5.5% in 2011 when "millionaires' bracket" expires
Corporate Income Tax Features (2011)
  • Range of Tax Rates: 8.25%
  • Income Level at Which Top Rate Applies: All
  • Combined Reporting: No
  • Apportionment Factor (Payroll): 0%
  • Apportionment Factor (Property): 0%
  • Apportionment Factor (Sales): 100%
  • Apportionment Note: Certain corporations (including manufacturers) use specified formula; all others use double weighted sales formula
Sales Tax Features (2011)
  • State Sales Tax Rate: 6.00%
  • Average Local Sales Tax Rate: N/A
  • Average Combined State & Local Sales Tax Rate: 6.00%
  • State Sales Tax Treatment of Groceries: Exempt
  • Local Sales Tax Treatment of Groceries: N/A
  • Number of Services Taxed: 39 out of 168 surveyed
  • Streamlined Sales Tax Membership: No
  • Sales tax holiday offered in 2011
Property Tax Features (2011)
  • Provides a circuit breaker for homeowners and renters of all ages
  • Provides for local option caps on assessed value growth.
Other Tax & Revenue Features (2011)
  • Gasoline Tax Rate (per gallon): $0.235
  • Diesel Tax Rate (per gallon): $0.243
  • Cigarette Tax Rate (per pack): $2.00
  • Estate or Inheritance Tax: Yes
  • Net Lottery Sales Per Capita: $260
Tax Policy Oversight
  • Tax Expenditure Report: Yes
  • Tax Incidence Analysis Capability: Personal income tax only

Last Updated August 25, 2011

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