| Maryland Real Estate Tax Rates | | Fiscal Year 2005 | | | | COUNTY | PROPERTY TAX RATE1 | LOCAL 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 | | |
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