BUDGET OF STATE GOVERNMENT


STATE TAXES ON REAL PROPERTY, 2002 - 2018

Fiscal Year Tax Rates
(per $100)		 Taxable Base* Public Utilities
Tax Rates**
(per $100)		 Public Utilities
Taxable Base		 Total Revenue from all real property
2002 .084 $316,704,059,000 .210 $2,161,893,000 $270,571,385
2003 .084 $334,107,638,000 .210 $2,165,542,000 $285,198,054
2004 .132 $358,244,803,000 .330 $1,299,590,000 $477,171,787
2005 .132 $389,915,215,000 .330 $1,323,073,000 $519,054,225
2006 .112 $434,145,726,000 .280 $1,392,322,000 $577,667,021
2007 .112 $491,648,682,000 .280 $1,476,219,000 $554,779,937
2008 .112 $574,094,024,000 .280 $1,078,722,000 $646,005,728
2009 .112 $617,839,711,000 .280 $1,094,562,000 $695,045,249
2010 .112 $679,252,771,000 .280 $1,073,282,000 $763,768,293
2011 .112 $702,393,512,000 .280 $717,440,000 $788,689,565
2012 .112 $681,182,923,000 .280 $792,883,000 $765,144,946
2013 .112 $659,310,619,000 .280 $714,633,000 $740,428,865
2014 .112 $642,388,327,000 .280 $749,037,000 $721,572,229
2015 .112 $653,034,242,000 .280 $786,889,000 $692,570,063
2016 .112 $677,424,903,000 .280 $838,059,000 $720,617,230
2017 .112 $719,620,786,000 .280 $889,156,000 $718,640,142
2018 .112 $725,653,221,000 .280 $837,642,000 $770,927,920

*Taxable base is equal to the sum of full-year real property, half-year new construction, and railroad real property minus the homestead tax credit.
**Beginning in FY2002, the real property of public utilities has been taxed at a different rate than other real property (Chapter 80, Acts of 2000).


STATE TAXES ON PROPERTY, 1917 - 2001

Fiscal Year Tax Rates (per $100) Taxable Base Revenue
1917 .32333 $966,017,000 $3,123,000
1918 .36417 $1,005,384,000 $3,661,000
1919 .36750 $1,151,142,000 $4,230,000
1920 .36431 $1,186,529,000 $4,323,000
1921 .36431 $1,277,958,000 $4,656,000
1922 .35333 $1,365,638,000 $4,825,000
1923 .35000 $1,452,168,000 $5,083,000
1924 .30333 $1,622,679,000 $4,922,000
1925 .30154 $1,741,322,000 $5,251,000
1926 .27343 $1,871,967,000 $5,119,000
1927 .27343 $1.993,278,000 $5,450,000
1928 .27393 $2,117,303,000 $5,800,000
1929 .25640 $2,294,479,000 $5,883,000
1930 .25740 $2,402,649,000 $6,184,000
1931 .25000 $2,421,678,000 $6,054,000
1932 .25000 $2,423,169,000 $6,030,000
1933 .25000 $2,337,928,000 $5,845,000
1934 .25000 $2,251,171,000 $5,628,000
1935 .22000 $2,203,209,000 $4,847,000
1936 .22000 $2,213,785,000 $4,870,000
1937 .22000 $2,238,610,000 $4,925,000
1938 .22250 $2,293,233,000 $5,102,000
1939 .23010 $2,317,787,000 $5,333,000
1940 .23350 $2,343,512,000 $5,472,000
1941 .23350 $2,474,362,000 $5,778,000
1942 .23350 $2,562,416,000 $5,983,000
1943 .14000 $2,709,985,000 $3,794,000
1944 .12750 $2,865,080,000 $3,653,000
1945 .12000 $2,882,310,000 $3,459,000
1946 .12000 $2,939,666,000 $3,528,000
1947 .10000 $3,000,375,000 $3,001,000
1948 .10000 $3,153,231,000 $3,153,000
1949 .11130 $3,481,527,000 $3,875,000
1950 .11150 $3,897,478,000 $4,346,000
1951 .12390 $4,162,584,000 $5,157,000
1952 .06000 $4,585,556,000 $2,751,000
1953 .06250 $5,129,252,000 $3,206,000
1954 .06040 $5,769,236,000 $3,485,000
1955 .05670 $6,189,987,000 $3,510,000
1956 .11100 $6,489,209,000 $7,138,000
1957 .10900 $7,206,941,000 $7,856,000
1958 .14250 $7,896,128,000 $11,252,000
1959 .14250 $8,451,024,000 $12,043,000
1960 .13420 $8,863,525,000 $11,895,000
1961 .13750 $9,496,504,000 $13,058,000
1962 .15000 $10,010,774,000 $15,016,000
1963 .15000 $10,663,297,000 $15,995,000
1964 .15000 $11,403,801,000 $17,106,000
1965 .15000 $12,218,409,000 $18,328,000
1966 .18000 $13,032,553,000 $23,459,000
1967 .15000 $14,181,962,000 $21,272,000
1968 .17000 $15,352,428,000 $26,099,000
1969 .17000 $15,948,343,000 $27,112,000
1970 .20000 $17,105,010,000 $34,210,000
1971 .18000 $18,498,303,000 $33,297,000
1972 .18000 $19,930,830,000 $35,875,000
1973 .21000 $21,664,958,000 $45,496,000
1974 .21000 $23,941,491,000 $50,277,000
1975 .21000 $25,117,906,000 $52,748,000
1976 .21000 $28,518,793,000 $59,889,000
1977 .23000 $31,649,860,000 $72,795,000
1978 .23000 $34,539,778,000 $79,441,000
1979 .20000 $36,386,387,000 $72,773,000
1980 .20000 $41,586,107,000 $83,172,000
1981 .20000 $44,365,633,000 $88,731,000
1982 .21000 $47,764,406,000 $100,305,000
1983 .21000 $52,350,608,000 $109,936,000
1984 .21000 $56,724,813,000 $119,122,000
*1985 .21000 $60,832,522,000 $100,734,000
1986 .21000 $66,403,158,000 $110,862,000
1987 .21000 $73,093,131,000 $121,151,000
1988 .21000 $80,570,558,000 $133,644,000
1989 .21000 $87,955,838,000 $147,036,000
1990 .21000 $96,653,555,000 $161,524,000
1991 .21000 $105,124,067,000 $175,269,000
1992 .21000 $114,456,820,000 $191,962,000
1993 .21000 $124,025,338,000 $210,298,000
1994 .21000 $128,921,107,000 $220,360,000
1995 .21000 $132,748,242,000 $225,955,000
1996 .21000 $135,492,160,000 $231,301,000
1997 .21000 $139,090,980,000 $236,311,000
1998 .21000 $144,463,997,000 $242,154,000
1999 .21000 $148,117,594,000 $246,953,000
2000 .21000 $152,852,490,000 $253,356,000
2001 .21000 $121,441,356,000 $254,544,000

*Effective July 1, 1984, the State tax rate on personal property was set at .00000 per $100 of assessment. Personal property became exempt from State property tax effective July 1, 2000.

Source: State Department of Assessments and Taxation

Maryland Constitutional Offices & Agencies
Maryland Departments
Maryland Independent Agencies
Maryland Executive Commissions, Committees, Task Forces, & Advisory Boards
Maryland Universities & Colleges
Maryland Counties
Maryland Municipalities
Maryland at a Glance

Maryland Manual On-Line

Search the Manual
e-mail: mdmanual@maryland.gov


This web site is presented for reference purposes under the doctrine of fair use. When this material is used, in whole or in part, proper citation and credit must be attributed to the Maryland State Archives. PLEASE NOTE: The site may contain material from other sources which may be under copyright. Rights assessment, and full originating source citation, is the responsibility of the user.

Tell Us What You Think About the Maryland State Archives Website!
© Copyright March 11, 2022 Maryland State Archives