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Finance / Tax Credits

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.
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.
Historic Restoration and Rehabilitation Property Tax Credit This program was designed to encourage preservation and investment in historic properties.
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.
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.
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.
Newly Constructed Dwelling Property Tax Credit This program was designed to encourage the construction and purchase of new homes in the city.
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.
Brownfield 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).
Tax Credit for Conservation Property Enacted in 1986, this state program is designed to support preservation of conservation areas or open space properties.
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.
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.
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.

Contacts

Department of Finance
454 City Hall
Baltimore, MD 21202
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Administration

Harry E. Black
Director

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