CREDIT DISCLOSURE SUMMARY FOR BALTIMORE CITY
Real Property Tax Credits Disclosure Summary:
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Admission and Amusement Tax Exemption
The admission and amusement tax exemption is designed to encourage artist activity
in designated Arts and Entertainment (A&E) Districts.
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Arts and Entertainment Districts Property Tax Credit
This program is designed to encourage the renovation of buildings for use by artists
or arts and entertainment enterprises by lessening the financial burden on property
owners.
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Brownfields Property Tax Credit
This program was designed to encourage the re-development of contaminated abandoned
and/or under-utilized industrial/commercial sites. This program offers a city property
tax credit (for both real and personal property taxes) on the increased property
taxes after eligible improvements* are made (improved value).
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Dwelling on Cemetery Property Tax Credit
This program was designed to provide a full city property tax credit for improved
properties: located on the site of cemetery property that is exempt under Sate Tax
Property Article §7-201, and used as a dwelling by an employee of the owner of the
exempt property.
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Energy Conservation Device Tax Credit
The Energy Conservation Devices Property Tax Credit is designed for the purpose of establishing a property tax credit
for dwellings that use a solar energy device or geothermal energy device and meet certain qualifications for credit eligibility.
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Enterprise Zone Property Tax Credit
This program was established in the early 1980's to encourage targeted investment
in economically distressed areas as measured by unemployment, poverty status, population
decline, or property abandonment. The City currently has 8 enterprise zones.
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Fallen Hero Tax Credit
This program was designed to provide property tax relief to the surviving spouse
of a "Fallen Hero", an individual determined by the Fire and Police Employee's Retirement
Systems to have died in the line of duty pursuant to applicable provisions of the
City Code.
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High Performance Market-Rate Rental Tax Credit
The high-performance market-rate rental tax credit is designed for the purpose of
providing a property tax credit for certain newly constructed or converted housing
projects.
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High Performance Market-Rate Rental Tax Credit-Citywide
High-Performance Newly Constructed Dwellings Property Tax Credit
The High-Performance Newly Constructed Dwellings Property Tax Credit is designed
for the purpose of establishing a property tax credit for high-performance newly
constructed dwellings that are owned by qualifying owners.
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Historic Restoration and Rehabilitation (CHAP) Property Tax Credit
Residential Retention Tax Credit
Residential Retention Tax Credit is designed to provide a credit on a newly purchased dwelling by a homeowner who has received the Homestead Tax Credit for the preceding five tax years on the previous dwelling located in Baltimore City.
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Home Improvement Property Tax Credit
This program was designed to provide an incentive to make improvements to residential
properties and lessen the financial burden on property owners.
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Homestead Property Tax Credit
This program was designed to limit the amount of the annual increase in taxable
assessments for eligible owner occupied properties. The program dates back to the
late 1970's, a period of rapid escalation in property values.
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Maryland Homeowners' Property Tax Credit Program
The State of Maryland has developed the Homeowners’ Property Tax Credit program
, also known as the Circuit Breaker program, which allows credits against the homeowner's
property tax bill if the property taxes exceed a fixed percentage of the person's
gross income. The Maryland General Assembly has improved the plan through the years
so that now this program is available to all homeowners regardless of their age,
and the credits are given where needed based upon the person's income. (External
Link)
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Newly Constructed Dwelling Property Tax Credit
This program was designed to encourage the construction and purchase of new homes
in the city.
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Public Safety Officers Tax Credit
This program was designed to provide real property tax credits to qualified public
safety officers who have their principal residences within Baltimore City.
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The online tax credit application will be available between
July 1st and April 1st.
9-1-1 Specialists Property Tax Credit
9-1-1 Specialists Property Tax Credit is designed to provide a real property tax
credit to qualified 9-1-1 Specialists who have their principal residences within
Baltimore City.
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The online tax credit application will be available between
July 1st and April 1st.
Low-Income Employees of the City of Baltimore Property Tax Credit
The Low-Income Employees of the City of Baltimore Property Tax Credit is designed
for the purpose of establishing a tax credit against the property tax imposed on
the principal residences of certain low-income employees of the City of Baltimore.
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The online tax credit application will be available between
February 1st and March 31st.
Targeted Homeowners Tax Credit (THTC)
This property tax credit is automatically granted to every owner-occupied property that HAS
APPLIED FOR AND BEEN APPROVED for the Homestead Tax Credit. The credit is deducted from the total amount of the City property taxes the resident owes.
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Tax Credit for Conservation Property
Enacted in 1986, this state program is designed to support preservation of conservation
areas or open space properties.
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Vacant Dwelling Property Tax Credit
This program was designed to encourage the renovation and reuse of residential vacant
properties. It was the first of a series of tax credits enacted in the mid-1990s
in response to concern about lagging development in the City during and after the
recession of the early -1990s.
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