Maryland vs Iowa Taxes: Income, Property & Sales

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

Maryland vs Iowa Income Tax Comparison

	Maryland	Iowa
Income Tax Rates & Thresholds	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+	0.33%: $0-$1,743 0.67%: $1,744-$3,486 2.25%: $3,487-$6972 4.14%: $6,973-$15,687 5.63%: $15,688-$26,145 5.96%: $26,146-$34,860 6.25%: $34,861-$52,290 7.44%: $52,291-$78,435 8.53%: $78,436+
Median Income	$108,200	$76,320
Income Tax Paid On Median Household Income	$21,525	$13,833
Income After Tax Based on Median Household Income	$86,675	$62,487

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Maryland vs Iowa Property Tax Comparison

	Maryland	Iowa
Average Property Tax Rate	0.76%	1.25%
Average House Price By State	$416,643	$215,458
Average Property Tax Owed Per Year	$3,166	$2,693
Income After Income Taxes & Property Taxes Based On Median State Household Income	$83,509	$59,794

Maryland vs Iowa Sales Tax Comparison

	Maryland	Iowa
Average State Sales Tax	6.00%	6.00%
Average Local Sales Tax Across the State	0.00%	0.94%
Average Combined Sales Tax Rate	6.00%	6.94%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$4,727	$3,880
Maximum Disposable Income Based on Median Household Income	$78,782	$55,913

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

	Maryland	Iowa
Income Tax Owed	$4,624	$4,786
After Tax Income	$35,376	$35,214
Income After Income & Property Tax	$32,210	$32,521
Maximum Disposable Income After Income, Property & Sales Taxes	$30,386	$30,410

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

	Maryland	Iowa
Income Tax Owed	$8,502	$9,028
After Tax Income	$51,498	$50,972
Income After Income & Property Tax	$48,332	$48,279
Maximum Disposable Income After Income, Property & Sales Taxes	$45,596	$45,146

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

	Maryland	Iowa
Income Tax Owed	$13,852	$14,916
After Tax Income	$66,148	$65,084
Income After Income & Property Tax	$62,982	$62,391
Maximum Disposable Income After Income, Property & Sales Taxes	$59,417	$58,342

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

	Maryland	Iowa
Income Tax Owed	$19,202	$21,015
After Tax Income	$80,798	$78,985
Income After Income & Property Tax	$77,632	$76,292
Maximum Disposable Income After Income, Property & Sales Taxes	$73,237	$71,341

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

	Maryland	Iowa
Income Tax Owed	$12,651	$14,448
After Tax Income	$87,349	$85,552
Income After Income & Property Tax	$84,183	$82,859
Maximum Disposable Income After Income, Property & Sales Taxes	$79,417	$77,482

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

	Maryland	Iowa
Income Tax Owed	$25,081	$28,768
After Tax Income	$124,919	$121,232
Income After Income & Property Tax	$121,753	$118,539
Maximum Disposable Income After Income, Property & Sales Taxes	$114,861	$110,846

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

	Maryland	Iowa
Income Tax Owed	$38,588	$44,033
After Tax Income	$161,412	$155,967
Income After Income & Property Tax	$158,246	$153,274
Maximum Disposable Income After Income, Property & Sales Taxes	$149,288	$143,327

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

	Maryland	Iowa
Income Tax Owed	$53,167	$60,217
After Tax Income	$196,833	$189,783
Income After Income & Property Tax	$193,667	$187,090
Maximum Disposable Income After Income, Property & Sales Taxes	$182,704	$174,948

FAQ

Does Maryland or Iowa have lower income taxes?

Maryland’s income tax falls into the following range:

• 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+

Whereas Iowa’s income tax is the following

• 0.33%: $0-$1,743
• 0.67%: $1,744-$3,486
• 2.25%: $3,487-$6972
• 4.14%: $6,973-$15,687
• 5.63%: $15,688-$26,145
• 5.96%: $26,146-$34,860
• 6.25%: $34,861-$52,290
• 7.44%: $52,291-$78,435
• 8.53%: $78,436+

Does Maryland or Iowa have lower property taxes?

Maryland has an average property tax rate of 0.76%

In comparison, Iowa has an average property tax rate of 1.25%

Does Maryland or Iowa have lower sales taxes?

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%.

In contrast, Iowa has a state sales tax rate of 6.00% and an average local rate of 0.94% for a combined total rate of 6.94%.

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

Based on median household income after income, property and sales taxes Maryland gives you a maximum amount of disposable income of $78,782

In comparison, Iowa gives you $55,913.

More Comparisons:

Maryland vs Nevada
Maryland vs Arkansas
Maryland vs Mississippi
Maryland vs Kansas
Maryland vs New Mexico

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/