Baltimore City property tax

Baltimore City Property Tax Rates

Here is the list of Baltimore City Property Tax rates in a formatted table, expressed as the rate per $100 of assessed value:

Tax Type	Rate per $100 of Assessed Value
Real Property Tax	$2.248
Personal Property Tax	$1.92
State Transfer Tax	$3.50 per $500 (or fraction thereof)
Recordation Tax	$5.00 per $500 (or fraction thereof)

Please note that these rates are subject to change and should be verified with the appropriate authorities.

Example of Baltimore City Property Tax Calculation

Calculating Baltimore City Property Tax is an important process for homeowners in the city. To do this, the city assesses the value of the property and applies a tax rate to that value.

For example, if a home is valued at $200,000 and the tax rate is 2.248%, the property tax bill would be $4,496.

To break it down further, the city assesses the value of a property every three years using a variety of factors such as location, size of the property, and recent sales of comparable properties. This assessed value is then multiplied by the tax rate to determine the annual property tax bill.

It's important to note that homeowners may be eligible for certain exemptions or credits that can lower their property tax bill. These include the Homestead Tax Credit and the Senior Tax Credit.

Overall, calculating Baltimore City Property Tax can seem complex, but it's an important aspect of owning a home in the city. Homeowners can contact the city's Department of Finance for more information or to discuss their specific property tax situation.

If you want appeal your property tax assessment - contact your local tax assessor.

Who sets property tax rates in Baltimore City ?

The property tax rates in Baltimore City are set by the City Council. They do so each year during the budget process. The city also has a Department of Finance that is responsible for the assessment of properties and the collection of taxes. Property owners in Baltimore City are required to pay taxes on their properties annually, with rates varying depending on the property's assessed value. The property tax rates in Baltimore City are applied to both residential and commercial properties.

Homestead exemptions in Baltimore City ?

To help Baltimore City residents determine eligibility and potential savings on their property taxes, the following table outlines all county-specific Homestead exemptions and deductions.

Exemption/Deduction	Eligibility	Amount	Notes
Primary Residence Exemption	Must be owner-occupied and a primary residence	Up to 4% of assessed value	Applies to all Baltimore City residents
Elderly or Disabled Exemption	Must be at least 65 years old or totally and permanently disabled	Up to $1,000	Applies to all Baltimore City residents
Emergency Services Personnel Exemption	Must be a Baltimore City employee and work in emergency services for at least one year	Up to $2,500	Can be combined with other exemptions
Retired Military Exemption	Must be retired from the military with a service-connected disability	Up to $5,000	Applies to all Baltimore City residents
Surviving Spouse of Emergency Services Personnel Exemption	Must be surviving spouse of a Baltimore City employee who worked in emergency services for at least one year and died in the line of duty	Up to $2,500	Can be combined with other exemptions
Surviving Spouse of Retired Military Exemption	Must be surviving spouse of a retired military member with a service-connected disability	Up to $5,000	Applies to all Baltimore City residents

Notes:

Eligible residents must submit an application to the Baltimore City Department of Finance to receive exemptions or deductions.
Exemptions and deductions cannot exceed the assessed value of the property.
Residents may be eligible for multiple exemptions and deductions, but the total amount cannot exceed the assessed value of the property.

When is Baltimore City Property Tax due ?

According to the Baltimore City government website, property taxes are due on September 30th of each year. There are several payment methods available for Baltimore City property taxes, including:

Payment Method	Details
Online	Taxpayers can pay their property taxes online by visiting the Baltimore City government website and entering their property information, including the unique identification number (PIN). Payment can be made using a credit card, debit card, or electronic check.
Mail	Taxpayers can also mail their payment to the Baltimore City Department of Finance using the payment coupon provided with their property tax bill. Payment must be made by check or money order, and the coupon must be included with the payment.
In-person	Payments can be made in person at the Department of Finance's Cashier's Office, located on the first floor of the Abel Wolman Municipal Building. Payments can be made using cash, check, or money order.

It's important to note that if property taxes are not paid by the due date, interest and penalties may be assessed. Taxpayers can contact the Department of Finance with any questions or concerns regarding their property taxes.

If you have more questions - contact your local tax collector.

How is Baltimore City Property Tax penalty calculated ?

Baltimore City Property Tax Penalty Calculation

If a property owner in Baltimore City fails to pay their property taxes in full and on time, they will be subject to penalties and interest charges. The penalty for late payment of Baltimore City property taxes is calculated as follows:

1% penalty for each month (or part of a month) that the property taxes are late
9% annual interest rate on the total amount of tax owed (including the penalty)

For example, if a property owner owes $1,000 in property taxes for the year and fails to pay by the due date of September 30th, they will incur a late payment penalty and interest charges as follows:

Month Late	Penalty	Tax Owed	Penalty Owed	Interest Owed	Total Owed
October	1%	$1,000	$10	$7.50	$1,017.50
November	1%	$1,000	$20	$15	$1,052.50
December	1%	$1,000	$30	$22.50	$1,105
January	1%	$1,000	$40	$30	$1,175
February	1%	$1,000	$50	$37.50	$1,187.50
March	1%	$1,000	$60	$45	$1,195

By the end of March, the property owner will owe a total of $1,195 in property taxes, including a $210 penalty and $85 in interest charges. It is important for property owners in Baltimore City to pay their property taxes on time to avoid penalties and interest charges.

We recommend contacting the Baltimore City Tax Office or a local tax professional for the most up-to-date and accurate information.

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