Taxes in Eldersburg, Maryland
Complete tax guide for Eldersburg, MD. State income tax up to 5.75%, 1.13% property tax, 7.13% sales tax. Calculate your total tax burden.
State Income Tax
5.75%
Maryland
Property Tax
1.13%
Effective rate
Sales Tax
7.13%
Combined rate
Tax Burden
Moderate
Eldersburg, MD Tax Overview
Population
30,531
Median Income
$76,500
Cost of Living
104.1 (100 = avg)
State Income Tax
5.75%
Local Income Tax
0.5%
Median Home Price
$361,000
Eldersburg Tax Calculator
Pre-filled with Eldersburg median: $76,500
Total Tax Burden in Eldersburg
$19,078
Take-Home: $57,423 · Effective Rate: 24.94%
Federal Tax
$8,444
11.04% eff.
MD State + Local
$4,781
6.25% eff.
FICA
$5,852
7.65% eff.
Take-Home
$57,423
75.06% kept
Tax Breakdown
| Item | Annual | Monthly |
|---|---|---|
| Gross Income | $76,500.00 | $6,375.00 |
| Federal Income Tax | -$8,444.00 | -$703.67 |
| Maryland State Tax | -$4,398.75 | -$366.56 |
| Eldersburg Local Tax (0.5%) | -$382.50 | -$31.88 |
| Social Security (6.2%) | -$4,743.00 | -$395.25 |
| Medicare (1.45%) | -$1,109.25 | -$92.44 |
| Take-Home Pay | $57,422.50 | $4,785.21 |
Property Tax in Eldersburg
Median Home
$361,000
Annual Tax
$4,079
Monthly Tax
$340
Effective Rate
1.13%
Sales Tax in Eldersburg
Combined Rate
7.13%
State Portion
~4.6%
Local Portion
~2.5%
The combined sales tax rate in Eldersburg is 7.13%, which is above the national average of 7.12%. On a $100 purchase, you would pay $7.13 in sales tax.
Tax Burden Comparison
| Tax Type | Eldersburg | Maryland Avg | National Avg |
|---|---|---|---|
| Income Tax | 5.75% + 0.5% | 5.75% | 4.6% |
| Property Tax | 1.13% | ~1.13% | 1.1% |
| Sales Tax | 7.13% | ~7.13% | 7.12% |
| Overall Burden | Moderate | — | Moderate |
Tax Saving Tips for Eldersburg Residents
- Maryland's income tax rate of 5.75% is above average. Maximize pre-tax retirement contributions (401k up to $23,500, IRA up to $7,000) to reduce both federal and state taxable income.
- Eldersburg has a local income tax of 0.5%. If you work remotely, verify whether you owe city tax based on where you work or where you live. Some cities only tax people who work within city limits.
- Property tax in Eldersburg (1.13%) is above the national average. Check if you qualify for homestead exemptions or assessment appeals to reduce your property tax bill.
- Use a Health Savings Account (HSA) if eligible. Contributions are tax-deductible ($4,300 individual, $8,550 family), growth is tax-free, and withdrawals for medical expenses are tax-free.
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HighCalculate Your Full Maryland Tax Burden
See detailed state tax brackets, FICA breakdown, and compare to neighboring states.
Frequently Asked Questions
What are the tax rates in Eldersburg, MD?
Eldersburg, Maryland has a state income tax rate up to 5.75%, plus a local income tax of 0.5%. The property tax rate is 1.13% and the combined sales tax rate is 7.13%.
How much is property tax in Eldersburg?
The effective property tax rate in Eldersburg is 1.13%. On the median home price of $361,000, this equals approximately $4,079 per year or $340 per month. This is above the national average of 1.1%.
What is the sales tax rate in Eldersburg?
The combined sales tax rate in Eldersburg is 7.13%, which includes both state and local components. This is above the national average combined rate of approximately 7.12%.
How does Eldersburg's tax burden compare to other cities?
Eldersburg has a moderate overall tax burden. The effective total tax rate for a median-income household is approximately 28.9%. The combination of 5.75% state income tax, 1.13% property tax, and 7.13% sales tax determines the total burden. Cost of living index is 104.1 (100 = national average).
Are there any local taxes in Eldersburg?
Yes. Eldersburg imposes a local income tax of 0.5% in addition to the state income tax of 5.75%.