Lexington Park is a census-designated place (CDP) in St. Mary's County, Maryland, United States, and the principal community of the Lexington Park, Maryland Micropolitan Statistical Area. The population was 11,021 at the 2000 census. The community came into being with the establishment of the Patuxent Naval Air Station during World War II, and was named for the recently sunk USS Lexington aircraft carrier. Prior to this Lexington Park was called "Jarbosville". John Glenn, Alan Shepard, and many noted astronauts trained there. In 1977 the Governor Thomas Johnson Bridge spanning the Patuxent River linked the area to Calvert County and Solomons, Maryland. In recent years several aerospace and high-tech companies have located in the area bringing additional jobs. Shopping Centers along Maryland Route 235 ("Three Notch Road") and Great Mills Road have many department stores. Area students attend Great Mills High School. Nearby, Dashiell Hammett, noted novelist, was born on May 27, 1894. Lexington Park in seaside St. Mary's County is one of the nation's fastest-growing "micropolitan" areas, expanding by 14.6 percent since 2000, largely on the strength of military growth. The county population may hit 100,000 next year if it continues at last year's 2.1 percent growth rate. In addition, Southern Maryland is the fast-growing area in the state, and a very desirable bedroom community for people who work in the District of Columbia, but unlike neighboring Charles and Calvert Counties, many in St. Mary's County both work and live in the county. The Patuxent Naval Air Station, which is based in Lexington Park, employs about 20,000 people, driving about 75 percent of the economy in St. Mary's County and providing roughly $3 billion to the state economy. The average price of a home in St. Mary's County in 2007 is $337,501, compared with about $200,000 in 2003. The area is surrounded by farmland and has a countryside charm with an historical appeal. In addition, there are many high tech jobs.

What is tax law?

Tax law is the codified system of laws that describes taxes on economic transactions. Tax attorneys advise and represent individuals and businesses on all types of tax issues -- including income tax, payroll tax, property tax, and estate and gift taxes. Tax attorneys ensure that their clients are in compliance with federal and state laws and regulations, and represent taxpayers in enforcement proceedings initiated by the Internal Revenue Service (IRS) and/or state taxation agencies.

Answers to tax law issues in Maryland

In the administration of any estate of a person who has passed away, there may be significant tax consequences. An...

At the federal level, the primary tax is the income tax. Most know this form of taxation by the completion of the...

The IRS can seize just about anything you own-including your home and pension plans. There is a list of items exempt...

The federal government imposes estate taxes only if your property is worth more than a certain amount at your death...

Most types of businesses-sole proprietorships, partnerships, corporations that have qualified for subchapter S...

Non-profits will want to apply for and obtain federal and state nonprofit tax exemptions. Many groups don't want to...

The Tax Relief and Health Care Act of 2006 made significant changes to the Informants Reward Program under the False...

Federal court opinions concerning tax law in Maryland