Featured Tools

Mortgage Resources

Featured Tools

Company Info

Real Estate

Banking Services

Maryland Real Estate Tax Rates
Fiscal Year 2005  
COUNTYPROPERTY TAX RATE1LOCAL TRANSFER TAX RATE2 DOCUMENTARY  STAMP RATE3
Allegheny$1.133           0.2% (note 4)$6.00
Anne Arundel$1.073                     1%$7.00
Baltimore$1.247             1.5% (note 5)$5.00
Baltimore City$2.460                    1.5%$10.00 (note 5)
Calvert$1.024                     none$10.00
Caroline$1.084               0.5% (note 6)$10.00
Carroll$1.180                    none$10.00
Cecil$1.112             none (note 7)$6.60
Charles$1.158                     none$10.00
Dorchester$1.062             .75% (note 9)$10.00
Frederick$1.132                     none$10.00
Garrett$1.168            1% (note 8)$7.00
Harford$1.224            1% (note 9)$6.60
Howard$1.176                    1%$5.00
Kent$1.144                    0.50%$6.60
Montgomery$0.866                     1%$6.90 (note 14)
Prince George's$1.092            1.4% (note 10)$4.40
Queen Anne's$1.058               0.5% (note 15)$6.60
St. Mary's$1.010                     1%$8.00
Somerset$1.142                   none$6.60
Talbot$0.672                1% (note 11)$6.60
Washington$1.080                   0.50%$7.60
Wicomico$1.157                  none$7.00
Worcester$0.862             0.5% (note 12)$6.60
STATE TRANSFER TAX of .5% (note 2) also applies to all counties (note 13)
1 - Per $100 of value (includes state real property tax of ..084/$100)  Note: Tax rate may vary in cities or other incorporated areas.
2 - % of actual consideration/purchase price  
3 - Per $1000 of the higher of purchase price or loan amount rounded up to the nearest $500
4 - First $30,000 exempt for owner occupied residential properties 
5 - First $22,000 exempt for owner occupied residential properties 
6 - $25,000 exemption for principal residence, $75,000 exemption for first time home buyer
7 - $10.00 transfer fee for deeds, $3.00 if agricultural transfer tax paid 
8 - First $50,000 exempt from transfer tax  
9 - First $30,000 exempt from transfer tax if owner occupied 
10 - For refinances, call office of finance for local transfer and recordation tax 
11 - First $50,000 exempt for for owner occupied 
12 - First $50,000 exempt for principal residence (owner occupied at least 7 months per year)
13-1st time homebuyers buying a principal residence, st. trans tax is reduced to .25% which must be paid by the seller.
14 - Exemption for owner occupied housing on the 1st $50,000 
15 - 1st time homebuyers buying a principal residence, Local transfer tax is reduced to a .25%

 
3300 Olney-Sandy Spring Road, Olney, MD 20832
Tel:  301-591-3444, Fax: 301-260-0014  
Last update: June 29, 2005