Taxes in Owings Mills, Maryland
Complete tax guide for Owings Mills, MD. State income tax up to 5.75%, 1% property tax, 6.58% sales tax. Calculate your total tax burden.
State Income Tax
5.75%
Maryland
Property Tax
1%
Effective rate
Sales Tax
6.58%
Combined rate
Tax Burden
Moderate
Owings Mills, MD Tax Overview
Population
34,360
Median Income
$82,900
Cost of Living
107.9 (100 = avg)
State Income Tax
5.75%
Local Income Tax
2.28%
Median Home Price
$371,000
Owings Mills Tax Calculator
Pre-filled with Owings Mills median: $82,900
Total Tax Burden in Owings Mills
$22,851
Take-Home: $60,049 · Effective Rate: 27.56%
Federal Tax
$9,852
11.88% eff.
MD State + Local
$6,657
8.03% eff.
FICA
$6,342
7.65% eff.
Take-Home
$60,049
72.44% kept
Tax Breakdown
| Item | Annual | Monthly |
|---|---|---|
| Gross Income | $82,900.00 | $6,908.33 |
| Federal Income Tax | -$9,852.00 | -$821.00 |
| Maryland State Tax | -$4,766.75 | -$397.23 |
| Owings Mills Local Tax (2.28%) | -$1,890.12 | -$157.51 |
| Social Security (6.2%) | -$5,139.80 | -$428.32 |
| Medicare (1.45%) | -$1,202.05 | -$100.17 |
| Take-Home Pay | $60,049.28 | $5,004.11 |
Property Tax in Owings Mills
Median Home
$371,000
Annual Tax
$3,710
Monthly Tax
$309
Effective Rate
1%
Sales Tax in Owings Mills
Combined Rate
6.58%
State Portion
~4.1%
Local Portion
~2.5%
The combined sales tax rate in Owings Mills is 6.58%, which is below the national average of 7.12%. On a $100 purchase, you would pay $6.58 in sales tax.
Tax Burden Comparison
| Tax Type | Owings Mills | Maryland Avg | National Avg |
|---|---|---|---|
| Income Tax | 5.75% + 2.28% | 5.75% | 4.6% |
| Property Tax | 1% | ~1% | 1.1% |
| Sales Tax | 6.58% | ~6.58% | 7.12% |
| Overall Burden | Moderate | — | Moderate |
Tax Saving Tips for Owings Mills 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.
- Owings Mills has a local income tax of 2.28%. 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 Owings Mills (1%) 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 Owings Mills, MD?
Owings Mills, Maryland has a state income tax rate up to 5.75%, plus a local income tax of 2.28%. The property tax rate is 1% and the combined sales tax rate is 6.58%.
How much is property tax in Owings Mills?
The effective property tax rate in Owings Mills is 1%. On the median home price of $371,000, this equals approximately $3,710 per year or $309 per month. This is below the national average of 1.1%.
What is the sales tax rate in Owings Mills?
The combined sales tax rate in Owings Mills is 6.58%, which includes both state and local components. This is below the national average combined rate of approximately 7.12%.
How does Owings Mills's tax burden compare to other cities?
Owings Mills has a moderate overall tax burden. The effective total tax rate for a median-income household is approximately 29.7%. The combination of 5.75% state income tax, 1% property tax, and 6.58% sales tax determines the total burden. Cost of living index is 107.9 (100 = national average).
Are there any local taxes in Owings Mills?
Yes. Owings Mills imposes a local income tax of 2.28% in addition to the state income tax of 5.75%.