Taxes

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Comptroller of Maryland logoBusiness taxes are not a burden in Cecil County. A number of tax credits are offered for businesses that meet criteria in Enterprise Zones, in job creation and in Research and Development. Maryland has a number of exemptions regarding machinery and equipment used in manufacturing and R&D.Contact the Office of Economic Development to learn what tax credits and incentives are available.

The State of Maryland is ranked highly for favorable Corporate Income Tax in the Tax Foundation's 2013 Tax Climate Index.

Maryland Corporate Income Tax Ranking Comparison*

  • Delaware: #50
  • Maryland: #15
  • Pennsylvania: #46

*A rank of 1 is more favorable to business than a rank of 50.
Source: Tax Foundation, 2013 State Business Tax Climate Index

Maryland County Taxes Comparison

COUNTY

Local Personal Income Tax Rate
(FY 2015)1

Combined State and County Real Property Tax Rate
(FY 2016)2
County Business Personal Property Tax Rate
(FY 2016)3
Cecil County 2.80% $1.1027 $2.4768
Baltimore County 2.85% $1.2120 $2.7500
Carroll County 3.05% $1.1300 $2.5450
Harford County 3.06% $1.1540 $2.6050

1. Source: Comptroller of Maryland, does not include state personal income tax ranging from 2% on the first $1,000 to 5.5% on taxable income over $500,000.

2. Source: Maryland Department of Assessments and Taxation, property is taxed on assessed value, and assessed at 100 percent of market value. Includes $0.112 state rate and county rates for unincorporated areas. County rates may be lower in incorporated areas, and municipal rates may apply.

3. Source: Maryland Department of Assessments and Taxation, county rates are for unincorporated areas and may be lower in incorporated areas.


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