Personal Property Tax

In Maryland there is a tax on business owned personal property which is imposed and collected by the local governments. Responsibility for the assessment of all personal property throughout Maryland rests with the Department of Assessments and Taxation.

Personal property generally includes furniture, fixtures, office and industrial equipment, machinery, tools, supplies, inventory and any other property not classified as real property.

The Personal Property Division information page of the SDAT website contains links to forms and instructions, brochures, exemptions, tax rate charts and more.