Maryland taxes — property, income, sales, retirement

Home·Tax overview·Maryland

Property tax, income tax, sales tax, and retirement-income treatment in Maryland. Quick read for movers, retirees, and remote workers.

Income tax up to 5.75% + local piggyback. SS untaxed. Pension exclusion up to $39,500 (65+).
Effective property tax
1.05%
of home value/yr
Income tax (top rate)
5.75%
Sales tax (state)
6.00%
local adds more
SS taxed by state?
No

Property tax

Maryland’s effective property tax rate is approximately 1.05% of assessed home value per year. On a $350,000 home that’s about $3,675/yr. Rates vary by county and municipality — this is a state-wide average.

Income tax

Top marginal rate: 5.75%. Brackets vary by income. For wage earners, the effective rate depends on filing status, deductions, and credits.

Sales tax

State base rate: 6.00%. Local municipal and county additions can raise the combined rate by 1-4 percentage points.

Retirement income

Social Security: Not taxed by state. Pensions & 401(k) withdrawals: Partial exclusion / credit available.

Top cities in Maryland

Baltimore · pop 568,271 · momentum 54

Frederick · pop 89,537 · momentum 66

Gaithersburg · pop 70,686 · momentum 54

Rockville · pop 68,417 · momentum 55

Bowie · pop 58,421 · momentum 60

Hagerstown · pop 43,909 · momentum 67

Compare to other states: All 50 state tax overviews · All Maryland cities · Best Maryland cities for retirees

Sources: Tax Foundation effective property tax rankings, state DOR publications, AARP retirement tax guide. 2024/2025 representative figures — verify with a CPA for your specific situation.