STARTING A BUSINESS?   |   PROPERTY LISTINGS    

* Historic Nathan Building (1st Floor): 2,600 square feet, ideal for Furniture Store or unique retail business to complement our bustling Main Street shopping district
 
* Historic Nathan Building (2nd Floor):
2,500 square feet
 
* Restored Historic Townhouse:
3,500 square feet, ideal for Law firm
 
Now Available!
 
* 513 Poplar Street:  Looking for Restaurant Entrepreneur or Chef to open 2-story restaurant/bar with outside deck.
 
* 303 High Street:  Renovation beginning spring 2008 to turn building into 2 retail spaces and apartments.  Looking for retail tenants.  1400sf; will be delivered in finished shell condition with historic facade renovations complete.  $13 psf net of utilities.
 
* 309 High Street:  Renovation beginning spring 2008 to turn building into 2 retail spaces and apartments.  Looking for retail tenants.  900sf; will be delivered in finished shell condition with historic facade renovations complete.  $13 psf net of utilities.
 

Property Tax Incentives

There is no state tax on business personal property in Maryland.
 
Business Personal Property Tax Incentives 
  • Manufacturing machinery, equipment, materials and supplies are totally exempt by Dorchester County.
  • Machinery, equipment, materials and supplies used primarily in research and development are treated as manufacturing equipment for tax purposes, and are exempt.
  • Manufacturing inventory is exempt in all counties and Baltimore City. Many municipalities also offer exemptions.
  • Commercial inventory for warehouse/distribution is exempt.
  • Customized computer software is exempt. Local jurisdictions may grant a tax credit for "off-the-shelf" computer software.
  • In "focus areas" within Maryland's enterprise zones, a 10 year, 80 percent credit is given on the increase in assessment of business personal property.
  • Through their discretionary authority, local jurisdictions may grant tax exemptions and credits. 
     
Dorchester County - Tax abatement on Personal Property Tax (machinery and equipment in return for job creation or business expansion by addition of new machinery). Contact County Council for application. 410-228-1700.
 
Additional information on business personal property tax exemptions, including municipalities, is available though the Maryland Department of Assessments and Taxation.