2014-2015 PRoPeRty tax taBle (aS oF July 1, 2014)
2014-2015 Property Tax TablE (As of July 1, 2014) Maryland FY 7/1/14 - 6/30/15 District of Columbia FY 10/1/13 - 9/30/14 Anne Arundel County* Washington, DC Recordation Tax: $7.00 per thousand Recordation Tax: 1.45% Transfer Tax: 1.50% (1.0% County + 0.5% State) Transfer Tax: 1.45% Fair Market Value Property Tax: $1.055 The City has a different tax rate. City of of Annapolis ($0.943 County + $0.112 State) per hundred Baltimore* Recordation Tax: 2.00% (1.5% City + 0.5% State) $2.36 $5.00 per thousand Transfer Tax: 2.00% (1.5% County + 0.5% State) Carroll County per thousand Property Tax: $1.13 ($1.018 County + $0.112 State) per hundred 0.50% (0.0% County + 0.5% State) $1.172 ($1.060 County + $0.112 State) per hundred Harford County* Recordation Tax: $6.60 per thousand 1.50% (1.0% County + 0.5% State) Alexandria Recordation Tax: $0.333 ($0.083 City + $0.25 State) per hundred $0.50 per five hundred $0.15 per hundred $1.043 per hundred $0.333 ($0.083 County + $0.25 State) per hundred Arlington County Grantor’s Tax: $0.50 per five hundred Regional Congestion Relief Fee: $0.15 per hundred $0.996 per hundred $0.333 ($0.083 County + $0.25 State) per hundred Property Tax: Recordation Tax: per hundred Aberdeen, Town of Bel Air and City of Havre De Grace have different tax rates. Howard County Grantor’s Tax: $5.00 per thousand Transfer Tax: 1.50% (1.0% County + 0.5% State) $1.126 ($1.014 County + $0.112 State) per hundred Sewer Ad Valorem. Montgomery County* $0.50 per five hundred Regional Congestion Relief Fee: $0.15 per hundred Property Tax: per hundred City Recordation Tax: of $1.09 Fairfax Recordation Tax: $0.333 Grantor’s Tax: $0.50 ($0.083 County + $0.25 State) per hundred per five hundred Regional Congestion Relief Fee: $0.15 per hundred Property Tax: per hundred $1.04 Henrico County* $6.90 per thousand up to $500,000 $10.00 per thousand over $500,000 Transfer Tax: 1.50% (1.0% County + 0.5% State) Property Tax: $.844 Includes Transit Tax, Fire District ($0.732 County + $0.112 State) per hundred and Advanced Land Acquisition Tax. Rate Varies Geographically Throughout County. Prince George’s County* Recordation Tax: $5.50 per thousand Transfer Tax: 1.90% (1.4% County + 0.5% State) Property Tax: Virginia FY 1/1/14 - 12/31/14 Fairfax County $1.154 ($.8937 County + $0.112 State + $.1483 Highway) Recordation Tax: of of Includes Sanitary District Tax. Transfer Tax: and $10.00 per hundred (blighted real property) Recordation Tax: $12.00 per thousand Transfer Tax: Includes Water Class 4 Property Tax: Frederick County* Property Tax: $5.00 per hundred (vacant real property) Regional Congestion Relief Fee: 0.50% (0.0% County + 0.5% State) of Class 3 Grantor’s Tax: $10.00 Transfer Tax: The City $1.65 per hundred for the first $3M of assessed value City $1.212 ($1.10 County + $0.112 State) per hundred Property Tax: Class 2 Commonwealth Recordation Tax: Property Tax: $0.85 per hundred (residential real property, including multi-family) (commercial and industrial real property, including hotels and motels) ($2.248 City + $0.112 State) per hundred Baltimore County Recordation Tax: Class 1 $1.85 per hundred for assessed value more than $3M Property Tax: Recordation Tax: Property Tax: $10.00 per thousand Transfer Tax: Property Tax: Fair Market Value $1.072 ($0.96 County + $0.112 State) per hundred Rate Varies Geographically Throughout County. *These rates do not include minimum fees, miscellaneous fees, special district fees, municipality fees, ad valorem fees, fire fees, sanitary district, etc. Recordation Tax: Grantor’s Tax: $0.50 per five hundred Property Tax: $0.87 per hundred Loudoun County* Recordation Tax: Grantor’s Tax: $0.333 $0.50 ($0.083 County + $0.25 State) per hundred per five hundred Regional Congestion Relief Fee: $0.15 per hundred Property Tax: per hundred $1.155 Newport News (FY 7/1/2014 - 6/30/2015) Recordation Tax: $0.333 ($0.083 County + $0.25 State) per hundred Grantor’s Tax: $0.50 per five hundred Property Tax: $1.22 per hundred Prince William County* Recordation Tax: $0.333 Grantor’s Tax: $0.50 Regional Congestion Relief Fee: © Copyright 2014 CBRE, Inc. Information contained herein, including projections, has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to confirm independently its accuracy and completeness. This information is presented exclusively for use by CBRE clients and professionals and all rights to the material are reserved and cannot be reproduced without prior written permission. $0.333 ($0.083 County + $0.25 State) per hundred Property Tax: Includes Fire and ($0.083 County + $0.25 State) per hundred per five hundred $0.15 per hundred $1.222 per hundred Rescue Levies (except town of Quantico) and Gypsy Moth Levy. Note: MD, VA, DC property taxes are paid on 100% of the assessed value. BALTIMORE 100 East Pratt Street, 17th Floor Baltimore, MD 21202 +1 410 244 7100 Tysons Corner 1861 International Drive, Suite 300 McLean, VA 22102 +1 703 821 6900 Washington, DC 750 9th Street, NW Suite 900 Washington, DC 20001 +1 202 783 8200 jessica A. katA Client Services Assistant stephanie r. unkel Client Services Coordinator Stephanie A. myers Client Services Coordinator Jennifer W. Bussey Client Services Coordinator Nathan E. barth Client Services Coordinator Jenna B. abrahaM Client Services Coordinator YALDA K. Ghamarian Project Manager Rachel L. Mossman Communications Specialist Genevieve V. Matis Real Estate Analyst Cheryl Finlayson Sr. Operations Coordinator Kylie A. Belcher Operations Manager Patricia C. Bonebrake Sr. Director of Operations JAMES V. Butler Vice President Martha A. Hastings First Vice President John T. Sheridan, Jr. Senior Vice President MICHAEL D. RUDOLPH Senior Vice President Robert C. Meehling Senior Vice President David F. Webb Vice Chairman Michael E. Muldowney Executive Vice President Andrew C. Boyer Executive Vice President William S. Roohan Vice Chairman Jonathan M. Greenberg Senior Vice President Brian H. Margerum Senior Vice President L. Bret Kampf Senior Associate , www.cbre.com/instmidatlanticmultifamily CBRE, Inc. 100 East Pratt Street, 17th Floor Baltimore, MD 21202 www.cbre.com/instmidatlanticmultifamily William S. Roohan jonathan m. greenberg john t. sheridan, jr. Andrew C. Boyer brian h. margerum martha a. hastings michael e. muldowney robert c. meehling james V. butler david f. webb michael d. rudolph l. bret kampF 2014-2015 Property Tax Table (as of july 1st, 2014) The cbRE washington DC multifamily investment properties team
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