Takoma Park, Maryland — Tax Burden
What is the tax burden in Takoma Park, Maryland?
Takoma Park, Maryland has a total tax burden of 15.49%, ranking #421 nationally. Property tax rate: 1.23%, state income tax: 4.695%, sales tax: 6.00%. Median household income is $95,316.
Source: US Census ACS, 2022
Ranked #421 nationally for total tax burden among 6,688+ US cities.
Total Tax Burden
15.49%
Rank: 421st nationally
Property Tax Rate
1.23%
Rank: 2562nd nationally
Income Tax Rate
4.695%
Maryland state rate
Sales Tax Rate
6.00%
State + local combined
Tax Burden Breakdown
Property (57%)Income (30%)Sales (13%)
Median Income: $95,316
Median Home Value: $685,000
Median Property Tax: $8,402/yr
Population: 17,542