No place is entirely free of them, but in Cecil County taxes have less of an impact on your business.
County Property Taxes* *In incorporated areas, municipal rates will also apply. For qualifying firms, Enterprise Zone Incentives are available.
Fiscal 2010 - per $100
Cecil County
Maryland
Real Property Tax Rate
$0.94
$0.112
Business Personal Property Tax Rate (taxed on depreciated value)
$2.35
$0.28
R&D Machinery, Equipment, Materials and Supplies
Partially Exempt
N/A
Manufacturers Inventory
Exempt
N/A
Warehousing Inventory
Exempt
N/A
Major Tax Credits Available - Enterprise Zone, Job Creation, R & D Income Taxes
State Corporate Income Tax For Maryland corporations the state corporate income tax is 8.25%. Single factor formula for interstate corporation income tax liability. There is no County tax.
State Personal Income Tax State personal income tax is 2%-6.25% (graduated rate peaking at 6.25% on taxable income over $1 million). Cecil County Personal Income Tax is 2.8%.
