Real property in Maryland is appraised at market value and taxed on assessed value. The assessment was recently changed to full value, or 100 percent of market value. Both state and local real property taxes are applied to assessed value.

Real Property Tax Incentives

• Upon application, each county may award tax credits to eligible new or expanding manufacturers.
• Certain jurisdictions may grant redevelopment/revitalization tax credits to qualified businesses.
• New or expanding businesses locating in a Maryland Enterprise Zone receive property tax credits on improvements to real property.
• In focus areas within the state's enterprise zones, the real property tax credit is enhanced.
• As part of the state's Smart Growth initiative, counties may grant tax credits for cleanup and improvement of qualified Brownfields sites.

Note: Each county has the discretionary authority to award real property tax credits to a new or expanding manufacturer. In addition to county real property taxes, incorporated municipalities levy real property taxes. Additional miscellaneous taxes and/or special taxing areas may apply.

Source: Maryland State Department of Assessments and Taxation (DAT).

Additional information on county and municipal real property taxes is available though the Department's Web site. 

Additional tax data for states and Maryland counties can be found in the Comparisons Tool.