Expense Ratio History

MDXBX expense ratio history

T. Rowe Price Maryland Tax-Free Bond Fund

Fund company
T. Rowe Price
Type
Mutual fund

0.55%

In basis points
55 basis points
Yearly cost per $10,000
$55
Prospectus dated
1 May 2026, filed with the SEC; rounded to 0.01%
Last change
Raised from 0.53% on 1 May 2026

Fee over time

MDXBX expense ratio: 0.46% until 1 Jul 2018, then 0.47%; 0.47% until 1 Jul 2019, then 0.48%; 0.48% until 1 Jul 2022, then 0.49%; 0.49% until 1 Jul 2023, then 0.54%; 0.54% until 1 May 2024, then 0.53%; 0.53% until 1 May 2026, then 0.55%; read at 0.55% on 1 May 2026.0.00%0.20%0.40%0.60%0.80%Jun 2011Jan 2014Aug 2016Mar 2019Oct 2021May 20240.46% before0.55% from 1 May 2026
MDXBX expense ratio: 0.46% until 1 Jul 2018, then 0.47%; 0.47% until 1 Jul 2019, then 0.48%; 0.48% until 1 Jul 2022, then 0.49%; 0.49% until 1 Jul 2023, then 0.54%; 0.54% until 1 May 2024, then 0.53%; 0.53% until 1 May 2026, then 0.55%; read at 0.55% on 1 May 2026.0.00%0.20%0.40%0.60%0.80%Jun 2011Jul 2016Aug 20210.46% before0.55% from 1 May 2026
Solid line: the fee in effect after each recorded change. Dashed: the fee before it. Dots: prospectuses filed with the SEC and dates we read the fee from a source.

Share classes

The same fund is sold as 2 share classes, each with its own fee. Figures are from each class's latest prospectus in SEC filings, rounded to 0.01%.

TickerShare classFeeAfter waiversProspectus dated
MDXBX (this page) T. Rowe Price Maryland Tax-Free Bond Fund 0.55% 0.49% 1 May 2026
TFBIX T. Rowe Price Maryland Tax-Free Bond Fund-I Class 0.42% — 1 May 2026

Every figure we've recorded

DateFeeWhat happened
1 May 2026 0.55% In the prospectusTotal annual fund operating expenses in the prospectus dated 2026-05-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 May 2026 0.55% Raised from 0.53% to 0.55%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2026-04-24
1 May 2025 0.53% In the prospectusTotal annual fund operating expenses in the prospectus dated 2025-05-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 May 2024 0.53% In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-05-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 May 2024 0.53% Cut from 0.54% to 0.53%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2024-04-25
1 Jul 2023 0.54% In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-07-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Jul 2023 0.54% Raised from 0.49% to 0.54%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2023-06-29
1 Jul 2022 0.49% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-07-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Jul 2022 0.49% Raised from 0.48% to 0.49%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2022-06-29
1 Jul 2021 0.48% In the prospectusTotal annual fund operating expenses in the prospectus dated 2021-07-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Jul 2020 0.48% In the prospectusTotal annual fund operating expenses in the prospectus dated 2020-07-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Jul 2019 0.48% In the prospectusTotal annual fund operating expenses in the prospectus dated 2019-07-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Jul 2019 0.48% Raised from 0.47% to 0.48%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2019-07-15
1 Jul 2018 0.47% In the prospectusTotal annual fund operating expenses in the prospectus dated 2018-07-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Jul 2018 0.47% Raised from 0.46% to 0.47%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2018-07-17
30 Oct 2017 0.46% In the prospectusTotal annual fund operating expenses in the prospectus dated 2017-10-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Jul 2017 0.46% In the prospectusTotal annual fund operating expenses in the prospectus dated 2017-07-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Jul 2016 0.46% In the prospectusTotal annual fund operating expenses in the prospectus dated 2016-07-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Jul 2015 0.46% In the prospectusTotal annual fund operating expenses in the prospectus dated 2015-07-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Jul 2014 0.46% In the prospectusTotal annual fund operating expenses in the prospectus dated 2014-07-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Jul 2013 0.46% In the prospectusTotal annual fund operating expenses in the prospectus dated 2013-07-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Jul 2012 0.46% In the prospectusTotal annual fund operating expenses in the prospectus dated 2012-07-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Jul 2011 0.46% In the prospectusTotal annual fund operating expenses in the prospectus dated 2011-07-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS

What this fee costs

Change the amount, years or return. The estimate keeps the fee at 0.55% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$691 in fees over 10 years

After fees, $10,000 grows to $15,435.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$56
3 years$177
5 years$308
10 years$691

How we read this figure

The figure is the total annual fund operating expenses line of the fee table in the fund's prospectus, as tagged in the fund company's filing with the SEC. The SEC publishes these figures rounded to four decimal places, so 0.015% appears as 0.02%. The fund company's own page may show a more precise number.

SEC filings give 17 prospectuses for this share class since 2011. Each one is listed above with a link to the filing.

How we read fees

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