MD property tax rates are among the highest in the nation, according to a new study.
But the study also found that the tax breaks for the wealthy can pay for themselves.
The study by the non-partisan Tax Foundation says that in 2015, the average property tax rate in the state was 9.84 percent.
That’s the highest rate in any state in the country.
It also ranked the average tax break for individuals and businesses at 4.35 percent.
But those numbers are based on 2016 tax returns, so it’s not clear what the 2016 numbers are for the current year.
A tax break that pays for itself?
Not exactly.
The study found that over time, the tax break could pay for itself by reducing tax burdens for lower-income residents.
The Tax Foundation study, which was published Tuesday, estimates that the average homeowner would save $5,600 per year under a state property tax plan, but the study doesn’t say how much.
That would mean the average person would save an average of $4,400.
But, as the Tax Foundation points out, these numbers are a rough approximation.
For instance, the study found the average Maryland homeowner could save $2,400 by paying the property tax on their home and paying other property taxes.
That could pay off over time.
So the study, along with the tax experts, said it’s too early to say how high the average rate is.
It is also not clear whether the average taxpayer could save enough to pay for the tax increases, since Maryland is a “top 10” tax state, which means it has a rate that exceeds 10 percent.
That’s why it is also important to get the numbers right.
A tax increase in a state like Maryland could still be offset by a reduction in tax rates in other states.
In other words, it could be that people in other parts of the country are getting a little less of a tax break, and they are not seeing the same tax benefits in Maryland.
“If Marylanders are getting an unfair tax break in other places, that’s a problem,” said David A. Mettler, president of the Tax Policy Center, which advocates for lower tax rates and lower rates on corporations.