Montgomery Co. Taxes Ranked 3rd-highest in Region for Most Incomes

ROCKVILLE, Md. — Every county likes to be at the top of the list of the best places to live, but how does your county stack up when it comes to tax rates?

The Montgomery County Council Office of Legislative Oversight reported that when it comes to the tax burden on individuals and businesses, the county is not the most taxed in the region, and in most categories comes in at No. 3.

The OLO report released Tuesday compared the tax burden in six jurisdictions: Montgomery, Howard, Frederick and Prince George’s counties in Maryland, Fairfax County in Virginia, and D.C.

For a family of three at various income levels from $25,000 to $150,000, the report shows that Montgomery County’s tax burden is the third-highest in the region at all levels, except for the $50,000 income level, where Montgomery County comes in fifth.

When it came to calculating the tax burden on businesses, the findings are more complex. The report also makes distinctions between businesses that fall under corporate tax levels and those that are “pass-through” entities or limited liability companies.

In calculating the tax burden on businesses, the report also uses figures from a September 2013 document created for the D.C. Tax Revision Commission. That report found that in some cases, taxes are lower for businesses in Montgomery County compared with other jurisdictions, including Fairfax County, Prince George’s County and D.C. But the OLO report also notes that some of the tax rates used in that 2013 report have changed since its publication.

The Montgomery County Council will hold a full briefing on the report July 12.

The post Montgomery Co. taxes ranked 3rd-highest in region for most incomes appeared first on WTOP.

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