Property Title and Escrow is a Baltimore-based title company serving 15 states

Transfer Tax & Tax Information

Maryland
2007-2008 Maryland Real Estate Tax Rates*

County	Property Tax Rate₁	Local Transfer Tax Rate₂	Documentary Stamp Rate₃
Allegheny	$1.132	0.2%₄	$6.50
Anne Arundel	$1.087	1%	$7.00
Baltimore	$1.247	1.5%₅	$5.00
Baltimore City	$2.460	1.50%	$10.00
Calvert	$1.024	none	$10.00
Caroline	$1.084	0.5%₆	$10.00
Carroll	$1.180	none	$10.00
Cecil	$1.112	none₇	$8.20
Charles	$1.148	none	$10.00
Dorchester	$1.062	0.75%	$10.00
Frederick	$1.132	none	$12.00
Garrett	$1.168	1%₈	$7.00
Harford	$1.224	1%₉	$6.60
Howard	$1.176	1%	$5.00
Kent	$1.144	0.50%	$6.60
Montgomery	$0.883	1%	$6.90₁₂
Prince George's	$1.092	1.4%₁₀	$4.40
Queen Anne's	$1.108	0.50%	$6.60
St. Mary's	$1.040	1%	$8.00
Somerset	$1.142	none	$6.60
Talbot	$0.685	1%₁₁	$6.60
Washington	$1.080	0.50%	$7.60
Wicomico	$1.173	0%	$7.00
Worcester	$0.862	0.5%₁₂	$6.60

STATE TRANSFER TAX of .5%₂ also applies to all counties₁₃

1 - Per $100 of value (includes state real property tax of .132/$100) Tax rate may vary in cities or other incorporated areas.
2 - % of actual consideration/purchase price
3 - Per $1000 of the higher of purchase price or loan amount rounded up to the nearest $500
4 - First $30,000 exempt for owner occupied residential properties
5 - First $22,000 exempt for owner occupied residential properties
6 - $25,000 exemption for principal residence, $75,000 exemption for first time home buyer
7 - $10.00 transfer fee for deeds, $3.00 if agricultural transfer tax paid
8 - First $50,000 exempt from transfer tax
9 - First $30,000 exempt from transfer tax if owner occupied
10 - For refinances, call office of finance for local transfer and recordation tax
11 - First $50,000 exempt for owner occupied
12 - First $50,000 exempt for principal residence (owner occupied at least 7 months per year)
13 - First time home buyers purchasing a principal residence, state transfer tax is reduced to .25% which must be paid by the seller.
14 - If owner occupied, $50,000 exemption or $500 credit on total County Transfer Tax

*All figures believed to be accurate—please call the clerk to verify