Maryland Tax Rates, Collections, and Burdens
How does Maryland’s tax code compare? Maryland has a graduated state individual income tax, with rates ranging from 2.00 percent to 5.75 percent. There are also jurisdictions that collect local income taxes. Maryland has an 8.25 percent corporate income tax rate. Maryland also has a 6.00 percent state sales tax rate and does not have local sales taxes. Maryland has a 0.95 percent effective property tax rate on owner-occupied housing value.
Maryland has both an estate tax and an inheritance tax. Maryland has a 47.2 cents per gallon gas tax rate and a $3.75 cigarette excise tax rate. Maryland collects $7,248 in state and local tax collections per capita. Maryland has $10,269 in state and local debt per capita and has an 81 percent funded ratio of public pension plans. Overall, Maryland’s tax system ranks 45th on our 2024 State Business Tax Climate Index.
Each state’s tax code is a multifaceted system with many moving parts, and Maryland is no exception. The first step towards understanding Maryland’s tax code is knowing the basics. How does Maryland collect tax revenue? Click the tabs below to learn more! You can also explore our state tax maps, which are compiled from our annual publication, : How Does Your State Compare?
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Tax Data by State
Get facts about taxes in your state and around the U.S.
State Tax Data
- Individual Taxes
- Business Taxes
- Sales Taxes
- Property Taxes
Individual Taxes
Top Individual Income Tax Rate
5.75%See Full Study
State Local Individual Income Tax Collections per Capita
$2793Rank: 5
State and Local Tax Burden
11.3%Rank: 45See Full Study
Business Taxes
Top Corporate Income Tax Rate
8.25%See Full Study
State Business Tax Climate Index Ranking
45See Full Study
Sales Taxes
State Sales Tax Rate
6.00%Rank: 17See Full Study
Combined State and Average Local Sales Tax Rate
6.00%Rank: 38See Full Study
State and Local General Sales Tax Collections per Capita
$885Rank: 44
State Gasoline Tax Rate (cents per gallon)
47.20¢Rank: 7
State Cigarette Tax Rate (dollars per 20-pack)
$3.75Rank: 4
Property Taxes
Property Taxes Paid as a Percentage of Owner-Occupied Housing Value
0.95%Rank: 22
State and Local Property Tax Collections Per Capita
$1816Rank: 22
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