Taxes in Milford Mill, Maryland
Complete tax guide for Milford Mill, MD. State income tax up to 5.75%, 1.01% property tax, 7.19% sales tax. Calculate your total tax burden.
State Income Tax
5.75%
Maryland
Property Tax
1.01%
Effective rate
Sales Tax
7.19%
Combined rate
Tax Burden
Moderate
Milford Mill, MD Tax Overview
Population
30,019
Median Income
$77,800
Cost of Living
112.8 (100 = avg)
State Income Tax
5.75%
Local Income Tax
1.57%
Median Home Price
$367,000
Milford Mill Tax Calculator
Pre-filled with Milford Mill median: $77,800
Total Tax Burden in Milford Mill
$20,377
Take-Home: $57,423 · Effective Rate: 26.19%
Federal Tax
$8,730
11.22% eff.
MD State + Local
$5,695
7.32% eff.
FICA
$5,952
7.65% eff.
Take-Home
$57,423
73.81% kept
Tax Breakdown
| Item | Annual | Monthly |
|---|---|---|
| Gross Income | $77,800.00 | $6,483.33 |
| Federal Income Tax | -$8,730.00 | -$727.50 |
| Maryland State Tax | -$4,473.50 | -$372.79 |
| Milford Mill Local Tax (1.57%) | -$1,221.46 | -$101.79 |
| Social Security (6.2%) | -$4,823.60 | -$401.97 |
| Medicare (1.45%) | -$1,128.10 | -$94.01 |
| Take-Home Pay | $57,423.34 | $4,785.28 |
Property Tax in Milford Mill
Median Home
$367,000
Annual Tax
$3,707
Monthly Tax
$309
Effective Rate
1.01%
Sales Tax in Milford Mill
Combined Rate
7.19%
State Portion
~4.7%
Local Portion
~2.5%
The combined sales tax rate in Milford Mill is 7.19%, which is above the national average of 7.12%. On a $100 purchase, you would pay $7.19 in sales tax.
Tax Burden Comparison
| Tax Type | Milford Mill | Maryland Avg | National Avg |
|---|---|---|---|
| Income Tax | 5.75% + 1.57% | 5.75% | 4.6% |
| Property Tax | 1.01% | ~1.01% | 1.1% |
| Sales Tax | 7.19% | ~7.19% | 7.12% |
| Overall Burden | Moderate | — | Moderate |
Tax Saving Tips for Milford Mill 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.
- Milford Mill has a local income tax of 1.57%. 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 Milford Mill (1.01%) is below the national average of 1.1%. This makes homeownership more affordable here relative to property tax burden.
- 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 Milford Mill, MD?
Milford Mill, Maryland has a state income tax rate up to 5.75%, plus a local income tax of 1.57%. The property tax rate is 1.01% and the combined sales tax rate is 7.19%.
How much is property tax in Milford Mill?
The effective property tax rate in Milford Mill is 1.01%. On the median home price of $367,000, this equals approximately $3,707 per year or $309 per month. This is below the national average of 1.1%.
What is the sales tax rate in Milford Mill?
The combined sales tax rate in Milford Mill is 7.19%, which includes both state and local components. This is above the national average combined rate of approximately 7.12%.
How does Milford Mill's tax burden compare to other cities?
Milford Mill has a moderate overall tax burden. The effective total tax rate for a median-income household is approximately 29.5%. The combination of 5.75% state income tax, 1.01% property tax, and 7.19% sales tax determines the total burden. Cost of living index is 112.8 (100 = national average).
Are there any local taxes in Milford Mill?
Yes. Milford Mill imposes a local income tax of 1.57% in addition to the state income tax of 5.75%.