Maryland Property Tax Calculator
Estimate your annual property taxes in Maryland. Calculate assessed value and apply Maryland average millage rates.
Why calculating finance in Maryland is different
Maryland has both state and local income taxes.
State Income Tax
2% - 5.75%
Base Sales Tax
6%
State Min Wage
$15.00 / hr
Abbreviation
MD
Maryland Finance Interactive Tool
This calculator uses the latest 2026 data for Maryland, including the minimum wage of $15.00 and the specific state income tax rates (2% - 5.75%).
Frequently Asked Questions about Maryland Finance
How are property taxes assessed in Maryland?
Property taxes in Maryland are generally assessed at the local county or municipal level based on the fair market value of the property, multiplied by the local millage or tax rate.
Are there property tax exemptions in Maryland?
Yes, Maryland often provides homestead exemptions for primary residences, as well as specific exemptions for seniors, veterans, and individuals with disabilities, which can significantly lower your tax bill.