Cost of Business

State Tax Rank

State Corporate Sales
Maryland 19 8

 Source: Tax Foundation; 2016 State Business Tax Climate Index

State Unemployment Insurance Rate

State Minimum Maximum Taxable Wage Base
Maryland .006% .09% $18,500

 Source: Tax Foundation, 2016

State Sales Tax Rate

State Rate
Maryland 6.0%

 Source: Tax Foundation, 2016

Property Taxes

State Average Local Income Tax Rates (h)
Maryland 2.9%

  Source: Tax Foundation, 2016

County Average Paid
Charles County $3,424

 U.S. Census Bureau American Community Survey, 2015

State Income Taxes

State of Maryland Rate

Corporate

8.25%

Personal

 
≥ $0 2.00%
≥ $1,000 3.00%
≥ $2,000 4.00%
≥ $3,000 4.75%
≥ $100,000 5.00%
≥ $125,000 5.25%
≥ $150,000 5.50%
≥ $250,000 5.75%

 Source: Tax Foundation, 2016

Utilities

Electric Average Cost Per KW Hour
Southern Maryland Electric Coop Inc (All Sectors) 7.83¢

 

Natural Gas Commercial Cost Per KW Hours
Maryland $11.15

 

Water/Sewer Rates Per 1,000 gallons
Water (0-18,000 gallons) $3.33
Sewer (Usage capped at 24,000 gallons) $7.13

 Source: Charles County Government

Land Costs Per Acre
  Low High Avg
Industrial $20,000 $250,000 $110,000
Office $60,000 $1.2M $310,000
Retail $60,000 $1.5M $410,000

 

Rental Rates Per SF (2016)  
  Charles County, MD DC Metro Region % Less
Retail $17.29 $24.97 -31%
Office $21.91 $34.88 -37%
Industrial $7.02 $7.28 -4%
Flex $11.68 $12.57 -7%

 

Views from Charles

Ignite Entrepreneurship: Tips for Success from the College of Southern Marylandís Entrepreneur and Innovation Institute

Published: Monday, July 17, 2017

In our newest blog series, “Ignite Entrepreneurship,” we profile local entrepreneurs to learn more about what “ignited” their success, and also gain insights about being an entrepreneur in Charles County. For the first blog of this series, we sat down with Thomas Luginbill, director of the College of Southern Maryland’s newly-established Entrepreneur and Innovation Institute (EII).

Find A Property

Contact

Claudia Bellony-Atanga
Economic Research Specialist

Charles County EDD
10665 Stanhaven Place

Suite 206

White Plains, MD 20695

Phone: 301-885-1347

BellonyC@MeetCharlesCounty.com

“We are proud to be a key part of Charles County’s future and we heartily encourage other, cutting-edge companies to join us.”

Doug Egan
Chief Executive Officer
Competitive Power Ventures

“Charles County’s strategic location in the DC Metro region affords us networking and business opportunities with some of the top names in our industry."

George Nash
Director of Business Development
Facchina