Frederick Community College Facilities Master Plan Chapter 2 Environmental Scan 2-26 May, 2023 Here are key economic indicators to understand:80 • The unemployment rate. • Bond yield curves. • Consumer spending. • Consumer debt. • Business expansions. • The ballpark indicator. Frederick County had an annual unemployment rate in December 2021 for the year 2020 of 5.9% and the rate for Maryland was 6.8%. Frederick County has zero business personal property tax. Frederick County’s nonresidential excise tax is $0 for new buildings, new additions and accessory structures. Frederick’s real property tax rate is !.060 per $100 of assessed value and all other business taxes are exempt. The Maryland State tax rate for real property was 0.112 and a utility tax rate of 0.280 and no personal property tax rate.81 80 https://money.usnews.com/money/personal-finance/saving-and-budgeting/articles/economic-indicators-to-understand 81 https://dat.maryland.gov/Documents/statistics/TaxRates_2021.pdf
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