Taxes in Olney, Maryland
Complete tax guide for Olney, MD. State income tax up to 6.5%, 1.1% property tax, 6% sales tax. Calculate your total tax burden.
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Taxes in Olney, MD: income, FICA, property, and sales tax
For wage-income planning, this page estimates federal income tax, Maryland state income tax, Olney local income tax, and FICA. It also shows property-tax and sales-tax estimates because local household tax burden depends on address-level property assessments, sales-tax districts, exemptions, and item categories.
State Income Tax
6.5%
Maryland
Property Tax
1.1%
Effective rate
Sales Tax
6%
Combined rate
Tax Burden
Moderate
Olney, MD Tax Overview
Population
35,350
Median Income
$84,600
Cost of Living
116.6 (100 = avg)
State Income Tax
6.5%
Local Income Tax
0.9%
Median Home Price
$323,000
Olney Tax Calculator
Pre-filled with Olney median: $84,600
Total Tax Burden in Olney
$20,822
Take-Home: $63,778 · Effective Rate: 24.61%
Federal Tax
$9,782
11.56% eff.
MD State + Local
$4,568
5.40% eff.
FICA
$6,472
7.65% eff.
Take-Home
$63,778
75.39% kept
Tax Breakdown
| Item | Annual | Monthly |
|---|---|---|
| Gross Income | $84,600.00 | $7,050.00 |
| Federal Income Tax | -$9,782.00 | -$815.17 |
| Maryland State Tax | -$3,806.88 | -$317.24 |
| Olney Local Tax (0.9%) | -$761.40 | -$63.45 |
| Social Security (6.2%) | -$5,245.20 | -$437.10 |
| Medicare (1.45%) | -$1,226.70 | -$102.23 |
| Take-Home Pay | $63,777.83 | $5,314.82 |
Property Tax in Olney
Median Home
$323,000
Annual Tax
$3,553
Monthly Tax
$296
Effective Rate
1.1%
Sales Tax in Olney
Combined Rate
6%
State Portion
6%
Local Portion
~0.00%
The combined sales tax rate in Olney is 6%, which is below the national average of 7.53%. On a $100 purchase, you would pay $6.00 in sales tax.
Sales and use tax can vary by exact address, district, item category, exemptions, and effective date. Treat this city rate as a planning estimate and verify large purchases with the official state sales-tax lookup or local tax authority.
Tax Burden Comparison
| Tax Type | Olney | Maryland Avg | National Avg |
|---|---|---|---|
| Income Tax | 6.5% + 0.9% | 6.5% | 4.6% |
| Property Tax | 1.1% | ~1.1% | 1.1% |
| Sales Tax | 6% | ~6% | 7.53% |
| Overall Burden | Moderate | — | Moderate |
About Taxes in Olney
Olney has a population of approximately 35,350 residents with a median household income of $84,600. The estimated cost of living index is 116.6 (16.6% higher than the national average of 100).
Tax burden classification: Moderate. Effective combined tax rate of 28.2% includes federal, state, FICA, property, and sales taxes for a typical Olney household.
Official Tax Resources for Maryland
For authoritative Maryland tax forms, filing deadlines, and the latest legislative updates, consult these official government resources:
- Maryland Comptroller, official state revenue agency
- Maryland Individual Income Tax Forms, current tax year forms and instructions
- IRS Federal Tax Forms and Instructions, federal income tax filing
Tax Saving Tips for Olney Residents
- Maryland's top income tax rate of 6.5% is above average. Maximize pre-tax retirement contributions (401k up to $24,500, IRA up to $7,500) to reduce both federal and state taxable income.
- Olney has a local income tax of 0.9%. 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 Olney (1.1%) is above LevyIO's rounded national benchmark of 1.1%. 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 ($4,400 individual, $8,750 family), growth is tax-free, and withdrawals for medical expenses are tax-free.
Find Your Local Tax Authority in Olney
The 1.1% property tax rate shown above is a city-profile effective estimate. Your actual Olney property tax bill is set by your county assessor and may include additional levies from your school district or special taxing and assessment districts. Use these official lookup tools to confirm exact rates for your specific address:
Look up the county your Olney address belongs to and find your assessor's office:
- • NACo County Explorer, search by address
- • USA.gov, Maryland local govt directory
School districts add their own millage rate to property tax:
- • NCES District Locator, federal database
- • NCES School Locator (EDGE)
Special taxing or assessment districts (for example utility, fire, library, or improvement districts, depending on state law) can add levies in parts of Maryland:
- • Census, Census of Governments
- • Check your tax bill for line items beyond county + school district
Disagree with your assessment? You can appeal:
- • Property Tax Appeal Guide
- • Appeal deadlines vary by state and county; check the deadline printed on your assessment notice
Why this matters: Two homes valued the same in Olney can pay different property tax depending on which school district and special districts they fall within. Always verify with your specific address, the address-level rate can be higher or lower than the city estimate shown here.
Other Cities in Maryland
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HighSources & Methodology
Federal, FICA, and state income-tax inputs on this page follow official 2026 sources. City-level property-tax rates, median values, cost-of-living index, and burden labels are LevyIO modeled estimates, and local income-tax and sales-tax rates should be confirmed with the local tax authority. Calculations follow the IRS-published 2026 federal tax brackets, FICA rates (6.2% Social Security up to $184,500 wage base, 1.45% Medicare), and Maryland state tax provisions. Property tax estimates use Olney's median home value of $323,000and the local effective property tax rate of 1.1%.
- • Federal tax brackets and standard deductions: IRS.gov
- • State income tax rates and brackets: Maryland Comptroller
- • Median household income, home value, and demographics: U.S. Census Bureau ACS
- • Cost of living index: LevyIO modeled estimate (100 = national average); not an official BLS index. Household spending context: U.S. Bureau of Labor Statistics Consumer Expenditure Surveys
- • National average sales tax (7.53%): Tax Foundation, State and Local Sales Tax Rates, Midyear 2026 (population-weighted combined average). Property-tax (1.1%) and state income-tax (4.6%) national figures are rounded LevyIO planning benchmarks.
Disclaimer: Estimates are for informational purposes only. Actual tax liability depends on filing status, deductions, credits, and individual circumstances. Consult a licensed tax professional or your state revenue agency for binding tax guidance.
Reviewed by LevyIO Tax Research Team · Published 2026-01-15 · Last updated 2026-05-27
Calculate Your Full Maryland Tax Burden
See detailed state tax brackets, FICA breakdown, and compare to neighboring states.
Reviewed data sources
Reviewed May 27, 2026. Calculations use current public tax guidance and published source data.
1. Enter the tax scenario
Use the filing status, income type, state, payroll, deduction, credit, or transaction details that match the real case.
2. Review assumptions
Check the visible formula context, source notes, related calculators, and federal or state limits before relying on the estimate.
3. Verify before filing
Confirm final tax positions with IRS guidance, state revenue agencies, payroll records, brokerage forms, or a qualified tax professional.
Planning estimate, not tax advice
LevyIO calculators are educational planning tools. Actual federal, state, payroll, property, sales, and local tax results can change with filing status, credits, deductions, residency, employer withholding, address-level rates, and current forms. Verify final filing positions with IRS or state guidance, payroll records, tax software, or a qualified tax professional.
Frequently Asked Questions
What are the tax rates in Olney, MD?
Olney, Maryland has a state income tax rate up to 6.5%, plus a local income tax of 0.9%. The property tax rate is 1.1% and the combined sales tax rate is 6%.
How much is property tax in Olney?
The effective property tax rate in Olney is 1.1%. On the median home price of $323,000, this equals approximately $3,553 per year or $296 per month. This is above LevyIO's rounded national benchmark of 1.1%.
What is the sales tax rate in Olney?
The combined sales tax rate in Olney is 6%, which includes both state and local components. This is below the Tax Foundation midyear 2026 national average combined rate of 7.53%.
How does Olney's tax burden compare to other cities?
Olney has a moderate overall tax burden. The effective total tax rate for a median-income household is approximately 28.2%. The combination of 6.5% state income tax, 1.1% property tax, and 6% sales tax determines the total burden. Estimated cost of living index is 116.6 (100 = national average).
Are there any local taxes in Olney?
Local income taxes can apply in Maryland. This Olney profile uses an estimated 0.9% local income-tax rate in addition to the state income tax of 6.5%; confirm the exact resident and work-location rate with the local tax office before relying on it.