Taxes in Parkville, Maryland
Complete tax guide for Parkville, MD. State income tax up to 5.75%, 1.14% property tax, 8.14% sales tax. Calculate your total tax burden.
State Income Tax
5.75%
Maryland
Property Tax
1.14%
Effective rate
Sales Tax
8.14%
Combined rate
Tax Burden
Moderate
Parkville, MD Tax Overview
Population
30,734
Median Income
$79,100
Cost of Living
103.8 (100 = avg)
State Income Tax
5.75%
Local Income Tax
1.04%
Median Home Price
$372,000
Parkville Tax Calculator
Pre-filled with Parkville median: $79,100
Total Tax Burden in Parkville
$20,438
Take-Home: $58,662 · Effective Rate: 25.84%
Federal Tax
$9,016
11.40% eff.
MD State + Local
$5,371
6.79% eff.
FICA
$6,051
7.65% eff.
Take-Home
$58,662
74.16% kept
Tax Breakdown
| Item | Annual | Monthly |
|---|---|---|
| Gross Income | $79,100.00 | $6,591.67 |
| Federal Income Tax | -$9,016.00 | -$751.33 |
| Maryland State Tax | -$4,548.25 | -$379.02 |
| Parkville Local Tax (1.04%) | -$822.64 | -$68.55 |
| Social Security (6.2%) | -$4,904.20 | -$408.68 |
| Medicare (1.45%) | -$1,146.95 | -$95.58 |
| Take-Home Pay | $58,661.96 | $4,888.50 |
Property Tax in Parkville
Median Home
$372,000
Annual Tax
$4,241
Monthly Tax
$353
Effective Rate
1.14%
Sales Tax in Parkville
Combined Rate
8.14%
State Portion
~5.6%
Local Portion
~2.5%
The combined sales tax rate in Parkville is 8.14%, which is above the national average of 7.12%. On a $100 purchase, you would pay $8.14 in sales tax.
Tax Burden Comparison
| Tax Type | Parkville | Maryland Avg | National Avg |
|---|---|---|---|
| Income Tax | 5.75% + 1.04% | 5.75% | 4.6% |
| Property Tax | 1.14% | ~1.14% | 1.1% |
| Sales Tax | 8.14% | ~8.14% | 7.12% |
| Overall Burden | Moderate | — | Moderate |
Tax Saving Tips for Parkville 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.
- Parkville has a local income tax of 1.04%. 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 Parkville (1.14%) is above the national average. Check if you qualify for homestead exemptions or assessment appeals to reduce your property tax bill.
- The combined sales tax rate of 8.14% is relatively high. Consider making large purchases in lower-tax jurisdictions or online retailers that do not charge local tax rates.
- 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 Parkville, MD?
Parkville, Maryland has a state income tax rate up to 5.75%, plus a local income tax of 1.04%. The property tax rate is 1.14% and the combined sales tax rate is 8.14%.
How much is property tax in Parkville?
The effective property tax rate in Parkville is 1.14%. On the median home price of $372,000, this equals approximately $4,241 per year or $353 per month. This is above the national average of 1.1%.
What is the sales tax rate in Parkville?
The combined sales tax rate in Parkville is 8.14%, which includes both state and local components. This is above the national average combined rate of approximately 7.12%.
How does Parkville's tax burden compare to other cities?
Parkville has a moderate overall tax burden. The effective total tax rate for a median-income household is approximately 29.8%. The combination of 5.75% state income tax, 1.14% property tax, and 8.14% sales tax determines the total burden. Cost of living index is 103.8 (100 = national average).
Are there any local taxes in Parkville?
Yes. Parkville imposes a local income tax of 1.04% in addition to the state income tax of 5.75%.