Florida vs Maryland Taxes: Income, Property & Sales

Does Florida or Maryland have lower taxes? We answer that in a variety of ways below:

Florida vs Maryland Income Tax Comparison

	Florida	Maryland
Income Tax Rates & Thresholds	None	2.00%: $0-$1,000 3.00%: $1,001-$2,000 4.00%: $2,001-$3,000 4.75%: $3,001-$100,000 5.00%: $100,001-$125,000 5.25%: $125,001-$150,000 5.50%: $150,001-$250,000 5.75%: $250,001+
Median Income	$65,370	$108,200
Income Tax Paid On Median Household Income	$7,149	$21,525
Income After Tax Based on Median Household Income	$58,221	$86,675

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Florida vs Maryland Property Tax Comparison

	Florida	Maryland
Average Property Tax Rate	0.67%	0.76%
Average House Price By State	$406,896	$416,643
Average Property Tax Owed Per Year	$2,726	$3,166
Income After Income Taxes & Property Taxes Based On Median State Household Income	$55,495	$83,509

Florida vs Maryland Sales Tax Comparison

	Florida	Maryland
Average State Sales Tax	6.00%	6.00%
Average Local Sales Tax Across the State	1.01%	0.00%
Average Combined Sales Tax Rate	7.01%	6.00%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$3,635	$4,727
Maximum Disposable Income Based on Median Household Income	$51,859	$78,782

After Tax Comparison Earning $40,000 Per Year Filing As Single

	Florida	Maryland
Income Tax Owed	$3,040	$4,624
After Tax Income	$36,960	$35,376
Income After Income & Property Tax	$34,234	$32,210
Maximum Disposable Income After Income, Property & Sales Taxes	$31,991	$30,386

After Tax Comparison Earning $60,000 Per Year Filing As Single

	Florida	Maryland
Income Tax Owed	$5,968	$8,502
After Tax Income	$54,032	$51,498
Income After Income & Property Tax	$51,306	$48,332
Maximum Disposable Income After Income, Property & Sales Taxes	$47,945	$45,596

After Tax Comparison Earning $80,000 Per Year Filing As Single

	Florida	Maryland
Income Tax Owed	$10,368	$13,852
After Tax Income	$69,632	$66,148
Income After Income & Property Tax	$66,906	$62,982
Maximum Disposable Income After Income, Property & Sales Taxes	$62,523	$59,417

After Tax Comparison Earning $100,000 Per Year Filing As Single

	Florida	Maryland
Income Tax Owed	$14,768	$19,202
After Tax Income	$85,232	$80,798
Income After Income & Property Tax	$82,506	$77,632
Maximum Disposable Income After Income, Property & Sales Taxes	$77,101	$73,237

After Tax Comparison Earning $100,000 Per Year Filing As Married Filing Jointly

	Florida	Maryland
Income Tax Owed	$8,481	$12,651
After Tax Income	$91,519	$87,349
Income After Income & Property Tax	$88,793	$84,183
Maximum Disposable Income After Income, Property & Sales Taxes	$82,976	$79,417

After Tax Comparison Earning $150,000 Per Year Filing As Married Filing Jointly

	Florida	Maryland
Income Tax Owed	$18,536	$25,081
After Tax Income	$131,464	$124,919
Income After Income & Property Tax	$128,738	$121,753
Maximum Disposable Income After Income, Property & Sales Taxes	$120,304	$114,861

After Tax Comparison Earning $200,000 Per Year Filing As Married Filing Jointly

	Florida	Maryland
Income Tax Owed	$29,536	$38,588
After Tax Income	$170,464	$161,412
Income After Income & Property Tax	$167,738	$158,246
Maximum Disposable Income After Income, Property & Sales Taxes	$156,750	$149,288

After Tax Comparison Earning $250,000 Per Year Filing As Married Filing Jointly

	Florida	Maryland
Income Tax Owed	$41,455	$53,167
After Tax Income	$208,545	$196,833
Income After Income & Property Tax	$205,819	$193,667
Maximum Disposable Income After Income, Property & Sales Taxes	$192,336	$182,704

FAQ

Does Florida or Maryland have lower income taxes?

Florida’s income tax falls into the following range: None

Whereas Maryland’s income tax is the following

• 2.00%: $0-$1,000
• 3.00%: $1,001-$2,000
• 4.00%: $2,001-$3,000
• 4.75%: $3,001-$100,000
• 5.00%: $100,001-$125,000
• 5.25%: $125,001-$150,000
• 5.50%: $150,001-$250,000
• 5.75%: $250,001+

Does Florida or Maryland have lower property taxes?

Florida has an average property tax rate of 0.67%

In comparison, Maryland has an average property tax rate of 0.76%

Does Florida or Maryland have lower sales taxes?

Florida has a state sales tax rate of 6.00% and an average local rate of 1.01% for a combined total rate of 7.01%.

In contrast, Maryland has a state sales tax rate of 6.00% and an average local rate of 0.00% for a combined total rate of 6.00%.

Do you get to keep more money in Florida or Maryland?

Based on median household income after income, property and sales taxes Florida gives you a maximum amount of disposable income of $51,859

In comparison, Maryland gives you $78,782.

More Comparisons:

Florida vs Wisconsin
Florida vs Colorado
Florida vs Minnesota
Florida vs South Carolina
Florida vs Alabama

Sources:

https://en.wikipedia.org/wiki/State_income_tax#Rates_by_jurisdiction

https://www.bankrate.com/real-estate/property-tax-by-state/#by-state

https://fred.stlouisfed.org/release/tables?eid=259515&rid=249

https://www.fool.com/the-ascent/research/average-house-price-state/

https://taxfoundation.org/data/all/state/2022-sales-taxes/

https://www.forbes.com/advisor/income-tax-calculator/