Page 51 - Garrett County 2022/2023 Visitors Guide

owned utilities and major cooperatives may choose their electric supplier.
Gas: Columbia Gas of Maryland, Inc.; customers may choose their gas supplier.
Water: Municipal systems in Accident, Grantsville and Oakland; county maintains water systems in many other towns/areas.
Sewer: Municipal systems in Accident, Grantsville, Loch Lynn Heights, Mountain Lake Park and Oakland; county maintains systems in many other towns/areas.
Telecommunications: Verizon Maryland primarily offers traditional copper service for voice and data (POTS/PRI/DSL/DS3); AT&T Wireless and US Cellular are the largest cellular providers; Comcast, Shentel, ProCom, QCol (cable/fiber) and NeuBeam (fixed wireless) provide internet and VOIP services.
This section was compiled with assistance from the Garrett County Department of Business Development.
301-334-1921
business@garrettcounty.org business.garrettcounty.org
Tax Rates
Garrett Co.
2.65%
Base – federal adjusted gross income; *Graduated rate peaking at 5.75% on taxable income over $300,000
Maryland
Corporate Income Tax (2021)
None
8.25%
Base – federal taxable income
Personal Income Tax (2021)
2.0-5.75%*
Sales & Use Tax (2021)
None
6.0%
Exempt – sales for resale; manufacturer’s purchase of raw materials; manufacturing machinery and equipment; purchases of materials and equipment used in R&D and testing of finished products; purchases of computer programs for reproduction or incorporation into another computer program for resale.
Real Property Tax (FY 2021)
$1.056 $0.112
Effective rate per $100 of assessed value; In an incorporated area, the county rate may vary and a municipal rate will also apply.
Sources: Maryland State Department of Assessments and Taxation; Comptroller of the Treasury
Business Personal Property Tax (FY 2022)
None
None
No county personal property tax on ordinary business property $2.64/$100 applicable to operating property of utilities and non-utility electric generators in an incorporated area, a municipal rate may apply; municipal exemptions may be available.
Major Tax Credits Available
Enterprise Zone; Job Creation; R&D; Hire Our Veterans; More Jobs for Marylanders (Tier I); ONE Maryland (Tier I); Arts & Entertainment District; Maryland Wineries & Vineyards; Biotechnology & Cybersecurity Investment; Federal Opportunity Zones; Garrett County Business Property Tax Credit Incentive
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