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
Professional Services Support Small Businesses On the Front Lines
Contact
Marcia Keeth
Deputy Director
Charles County EDD
10665 Stanhaven Place
Suite 206
White Plains, MD 20695
Phone: 301-885-1345
KeethM@MeetCharlesCounty.com
“Charles County is a great central location for us to have access to all of our customers. We do business with NSWC Carderock, Naval Research Laboratory, NAWCAD Patuxent River, NSWC Dahlgren, and Indian Head Naval Support Facility, to name a few.”
Scott Decker
Director of Operations
Cardinal Scientific
“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 is where we started our company and where we grew and expanded. We now operate our managed print and managed IT solutions in five states and provide custom apps all around the globe. Our headquarters is still in Charles County, an excellent place to conduct business and recruit highly skilled individuals for our ever growing team!"
Joshua Justice
President
Just Tech
“We are proud to be a key part of Charles County’s future and we heartily encourage other, cutting-edge companies to join us.”
Katharine Tate
Executive Director of Provider Engagement and Community Relations
Righttime Medical Care
“Charles County is a great place for businesses to start, grow, and thrive! We've worked with over 100 businesses since we opened our doors in Charles County, and I've witnessed the majority of these businesses achieve all three.”
Darlene M. Breck
Owner
Southern Maryland Business Center
“Charles County is a great place to do business because of the passion of the business community and the residents who strive to make it the best that it can be."
Andrew W. Welburn
President
The Welburn Organization
