Taxes in Severna Park, Maryland
Complete tax guide for Severna Park, MD. State income tax up to 5.75%, 1.12% property tax, 8% sales tax. Calculate your total tax burden.
State Income Tax
5.75%
Maryland
Property Tax
1.12%
Effective rate
Sales Tax
8%
Combined rate
Tax Burden
Moderate
Severna Park, MD Tax Overview
Population
38,748
Median Income
$85,400
Cost of Living
104.2 (100 = avg)
State Income Tax
5.75%
Local Income Tax
0.7%
Median Home Price
$378,000
Severna Park Tax Calculator
Pre-filled with Severna Park median: $85,400
Total Tax Burden in Severna Park
$22,443
Take-Home: $62,957 · Effective Rate: 26.28%
Federal Tax
$10,402
12.18% eff.
MD State + Local
$5,508
6.45% eff.
FICA
$6,533
7.65% eff.
Take-Home
$62,957
73.72% kept
Tax Breakdown
| Item | Annual | Monthly |
|---|---|---|
| Gross Income | $85,400.00 | $7,116.67 |
| Federal Income Tax | -$10,402.00 | -$866.83 |
| Maryland State Tax | -$4,910.50 | -$409.21 |
| Severna Park Local Tax (0.7%) | -$597.80 | -$49.82 |
| Social Security (6.2%) | -$5,294.80 | -$441.23 |
| Medicare (1.45%) | -$1,238.30 | -$103.19 |
| Take-Home Pay | $62,956.60 | $5,246.38 |
Property Tax in Severna Park
Median Home
$378,000
Annual Tax
$4,234
Monthly Tax
$353
Effective Rate
1.12%
Sales Tax in Severna Park
Combined Rate
8%
State Portion
~5.5%
Local Portion
~2.5%
The combined sales tax rate in Severna Park is 8%, which is above the national average of 7.12%. On a $100 purchase, you would pay $8.00 in sales tax.
Tax Burden Comparison
| Tax Type | Severna Park | Maryland Avg | National Avg |
|---|---|---|---|
| Income Tax | 5.75% + 0.7% | 5.75% | 4.6% |
| Property Tax | 1.12% | ~1.12% | 1.1% |
| Sales Tax | 8% | ~8% | 7.12% |
| Overall Burden | Moderate | — | Moderate |
Tax Saving Tips for Severna Park 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.
- Severna Park has a local income tax of 0.7%. 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 Severna Park (1.12%) 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.
Other Cities in Maryland
Baltimore
ModerateColumbia
Very HighGermantown
Very HighSilver Spring
Very HighFrederick
Very HighRockville
Very HighAnnapolis
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 Severna Park, MD?
Severna Park, Maryland has a state income tax rate up to 5.75%, plus a local income tax of 0.7%. The property tax rate is 1.12% and the combined sales tax rate is 8%.
How much is property tax in Severna Park?
The effective property tax rate in Severna Park is 1.12%. On the median home price of $378,000, this equals approximately $4,234 per year or $353 per month. This is above the national average of 1.1%.
What is the sales tax rate in Severna Park?
The combined sales tax rate in Severna Park is 8%, which includes both state and local components. This is above the national average combined rate of approximately 7.12%.
How does Severna Park's tax burden compare to other cities?
Severna Park has a moderate overall tax burden. The effective total tax rate for a median-income household is approximately 29%. The combination of 5.75% state income tax, 1.12% property tax, and 8% sales tax determines the total burden. Cost of living index is 104.2 (100 = national average).
Are there any local taxes in Severna Park?
Yes. Severna Park imposes a local income tax of 0.7% in addition to the state income tax of 5.75%.