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%

 

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