|
|
|
|
|
|
Taxes
|
|
|
|
|
| |
Maryland and Wicomico County's basic tax philosophy is one of
fairness and consistency. The state and county have
no unitary tax on
profits,
no
income tax on foreign dividends, no gross receipts tax on manufacturers,
no corporate franchise tax and no separate school taxes.
|
|
|
|
|
|
|
|
| |
|
|
TAX OVERVIEW |
|
REAL PROPERTY |
|
|
Maryland |
$.112 |
|
|
Wicomico County |
$.759 |
|
|
Salisbury |
$.819 |
|
|
Fruitland |
$.800 |
|
|
Delmar |
$.673 |
|
|
Hebron |
$.420 |
|
|
Mardela Springs |
$.200 |
|
|
Willards |
$.460 |
|
|
Pittsville |
$.280 |
|
|
Sharptown |
$.600 |
|
|
|
|
|
|
PERSONAL PROPERTY |
|
|
|
Wicomico County |
$1.90 |
|
|
(Note: Manufacturing equipment and
machinery for Wicomico exempt with application and approval by the
Wicomico County Council). |
|
|
|
Maryland |
$0.00 |
|
|
|
|
|
|
CORPORATE INCOME |
|
|
|
Maryland |
$8.25% |
|
|
Wicomico County |
$0.00 |
|
|
|
|
|
|
PERSONAL INCOME |
|
|
|
Maryland |
2.0 - 6.25% |
|
|
Wicomico County |
3.10% |
|
|
|
|
|
|
SALES and USE |
|
|
|
Maryland (not applicable on
mfg. equip. or purchasing of raw materials) |
6.0% |
|
|
Wicomico County |
0.0% |
|
|
|
|
|
|
Source: Md. Dep't of Assessments and
Taxation |
|
|
|
|
|
|
|
|
|
|
|
|
