Taxes
What makes Howard County one of the best places in America to do business, live and work? County and state corporate taxes help to fund the cost of local public services that are truly exceptional.
The County’s current real property tax rate is $1.014 per $100 of assessed value.
More detailed information regarding taxes is below:
Fiscal Year 2020 |
Howard County |
Maryland |
| Real Property Tax Rate (per $100 of assessed value) | $1.014 | $0.112 |
| Business Personal Property Tax Rate (per $100 of assessed value) | $2.535 | $0.00 |
| R&D machinery, equipment, materials and supplies | Partially Exempt | $0.00 |
| Manufacturers machinery, tools and equipment | Exempt | $0.00 |
| Manufacturers inventory | Exempt | $0.00 |
| Warehousing inventories | Exempt | $0.00 |
Tax |
State |
County |
| Corporate Income Tax | 8.25% | |
| Personal Income Tax (of taxable income) | $90 plus 4.75% of $3,000.00 to $147,000.00 5.00% of next $25,000 5.25% of next $50,000 5.50% of next $75,000 |
3.20% |
| Sales and Use Taxes | 6.00%* | None |
* 6.00% on tangible personal property sold at retail or used in Maryland. Does not apply to a manufacturer’s purchase of raw materials, nor manufacturing machinery and equipment
Fire Taxes |
Taxes |
| Real Property | $0.236 per $100 of real property assessment |
Residential Trash Fee
Service |
Fee |
| Trash, Recycling and Yard Service | $325 |
| Trash and Recycling | $310 |
Water and Sewer Ad Valorem
$0.08 per $100. Water and Sewer Front Foot Based on Property Size
Source: howardcountymd.gov
Columbia Association Fees
If you locate your business within the boundaries of Howard County that are part of the Columbia Association, there is an association fee that applies. The current rate has been set to a maximum of 75 cents per $100 of valuation assessed on 50 percent of the fair market value, as determined by the State of Maryland for real estate tax purposes. The Columbia Association applies the same methodology used by Howard County and the State with respect to their caps on property taxes, and they don’t apply those caps in calculating taxes due on a property in the year following the purchase. In FY2011, the annual charge rate was 68 cents.
To see more information about taxes in Maryland go to: choosemaryland.org
County Data
Howard County boasts a thriving and vibrant economy, which makes it the first choice for smart businesses looking to start or expand in the Mid-Atlantic. Add in its central location between Baltimore and Washington, D.C. and you have a real win-win. Howard County also offers more than 70-million square feet of commercial space, providing businesses with the perfect location to do business.
Learn More
Our Community
Howard County is continually ranked among the most affluent, advanced and educated communities in the United States. There is immediate access to leading educational and health care institutions, upscale retail, and outstanding recreation and entertainment.
Learn More
#hceda