The Maryland Historic Revitalization Tax Credit allows homeowners to earn a state income tax credit for renovating historic homes. The tax credit offers homeowners up to 20% of eligible rehabilitation costs. The tax credit may be used for projects that return a structure to a state of utility through repair… Read More
The Fallen Hero Tax Credit provides 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. The amount of the credit is… Read More
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. Baltimore City currently has four Arts and Entertainments (A&E) Districts: Station North, Highlandtown, Bromo Seltzer, and Pennsylvania Avenue. The program… Read More
The Admission and Amusement Tax Exemption is designed to encourage artist activity in designated Arts and Entertainment (A&E) Districts. Baltimore City currently has four Arts and Entertainments (A&E) Districts: Station North, Highlandtown, Bromo Seltzer, and Pennsylvania Avenue. The 100% tax exemption relates to the admission and amusement… Read More
The Renters’ Tax Credit Program provides property tax credits for renters who meet certain requirements. The plan was modeled after and designed to be similar in principle to the Homeowners’ Tax Credit Program. The concept rests on the reasoning that renters indirectly pay property taxes as part of their rent… Read More
The Maryland HomeCredit Program provides a Mortgage Credit Certificate (MCCs) which entitles eligible borrowers to take a federal income tax credit equal to 25% of the interest paid during that tax year on a mortgage loan covered by the MCC, up to a maximum of $2,000 per year. Borrowers can… Read More
The Homestead Property Tax Credit was designed to limit the amount of the annual increase in taxable assessments for eligible owner occupied properties. The program protects homeowners from increases in taxable assessment above the level established by local law, in Baltimore City the annual cap is 4%. The credit is… Read More
The Maryland Homeowners’ Property Tax Credit sets a limit on the amount of property taxes any homeowner must pay based on income. The tax credit is based upon the amount by which the property taxes exceed a percentage of your income. Homeowners who file and qualify by May 1 will… Read More
Baltimore City’s Targeted Homeowners Tax Credit (THTC) provides owner-occupant Baltimore City residences a reduction on real property tax. This property tax credit is automatically granted to every owner-occupied property that has applied for and been approved for the Homestead Property Tax Credit. Each year the City’s… Read More
The Public Safety Officers Tax Credit offers a credit against the Baltimore City real property tax imposed on the principal residence of sworn public safety officers serving full time in the Baltimore City Police Department, Baltimore City Fire Department, Baltimore City Sheriff’s Office, or the Baltimore City Public School System. Read More
