No place is entirely free of them, but in Cecil County taxes have less of an impact on your business.
County Property Taxes*
*In incorporated areas, municipal rates will also apply.
For qualifying firms, Enterprise Zone Incentives are available.
Fiscal 2003 - per $100
Cecil County
Maryland
Real Property Tax Rate
$0.96
$0.084
Business Personal Property Tax Rate
(taxed on depreciated value)
$2.40
N/A
R&D Machinery, Equipment, Materials and Supplies
Partially Exempt
N/A
Manufacturers Inventory
Exempt
N/A
Warehousing Inventory
Exempt
N/A
Income Taxes
State Corporate Income Tax
For Maryland corporations the state corporate income tax is 7.0% on net income tax...within Maryland. Single factor formula for interstate corporation income tax liability. There is no County tax.
State Personal Income Tax
4.75% is the top tax bracket for State personal income tax. Cecil County Personal Income Tax is
55% of the State personal income tax.
