Hancock, MD 21750

Income Statistics

Number of Returns People Average Income Average Dividend Average Social Security Average Mortgage Interest
Under $25,000 640 1010 $10,452 $1,240
(7.81% of returns)
$1,875
(6.25% of returns)
$0
$25,000 to $50,000 460 860 $28,764 $2,766
(6.52% of returns)
$6,330
(21.74% of returns)
$5,983
$50,000 to $75,000 260 620 $36,424 $2,433
(23.08% of returns)
$13,616
(23.08% of returns)
$6,450
$75,000 to $100,000 150 370 $47,862 $0
(0% of returns)
$14,900
(26.67% of returns)
$6,614
$100,000 to $200,000 160 390 $84,896 $1,300
(25% of returns)
$18,900
(18.75% of returns)
$7,163
For Zip 1670 3250 $32,747

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Income Tax Rates

Rate Minimum Income Maximum Income
0.02 0 1000
0.03 1000 2000
0.04 2000 3000
0.0475 3000 100000
0.05 100000 125000
0.0525 125000 150000
0.055 150000 250000
0.0575 250000 null

Property Tax Rates

Rate Rank (compared to Other States)
0.0104 20

Sales Tax Rates

State Rate Average Local Rate Combined Rate Rank (compared to Other States)
0.06 0.0000 0.0600 38