Overview of Baltimore City Annual Property Tax
Effective June 23, 2022, the City of Baltimore has enacted Ordinance No. 22-143, Council Bill No. 22-0236, which imposes an annual tax on all property within Baltimore City, except property exempt by law. This applies for the period July 1, 2022 through June 30, 2023.
Tax Rates on Property
- Real Property Tax:
An annual tax of $2.248 per $100 of assessed or assessable value of real property. - Personal Property and Operating Real Property Tax:
An annual tax of $5.62 per $100 of assessed or assessable value of personal property and operating real property, pursuant to Md. Code Ann. Tax-Prop. § 8-109(c).
Additional Charges
- Semiannual Payment Service Charge:
During this period, the semiannual payment service charge under Md. Code Ann. Tax-Prop. § 10-204.3 is 0.20%.
Frequently Asked Questions
What is the purpose of the Baltimore City annual property tax?
The Baltimore City annual property tax funds essential city services and infrastructure. It applies to all taxable properties within the city, helping maintain public amenities and operations.
What is the current tax rate for real property in Baltimore City?
The real property tax rate is $2.248 per $100 of assessed or assessable value, as established by Ordinance No. 22-143 for the fiscal year July 1, 2022, to June 30, 2023.
How is personal property taxed in Baltimore City?
Personal and operating real property are taxed at a rate of $5.62 per $100 of assessed or assessable value under Md. Code Ann. Tax-Prop. § 8-109(c).
What is the semiannual payment service charge?
The semiannual payment service charge is 0.20% during the 2022–2023 fiscal year, as authorized by Md. Code Ann. Tax-Prop. § 10-204.3, for those who opt to pay property taxes in two installments.
Are there any properties exempt from this annual tax?
Yes, properties that are exempt by law, such as those owned by government entities, certain nonprofits, or religious organizations are not subject to the annual property tax.