High-Performance Newly Constructed Dwellings Property Tax Credit

The High-Performance Newly Constructed Dwellings Property Tax Credit encourages the construction and purchase of new homes in Baltimore City. The program provides a 5-year property tax credit with the credit amount decreasing annually.

PROGRAM BENEFIT

This program reduces your property taxes.

ELIGIBILITY & LIMITATIONS

• You must live in this home as your primary residence.
• You must receive a high-performance certification from the Department of Housing and Community Development (DHCD).
• The tax credit does not transfer between property owners.
• The tax credit is 50% in the first taxable year and decreases by 10 percentage points thereafter for 5 years.
• The property must not have been previously occupied by an owner or tenant since its new construction or substantial rehabilitation.
• If the property was a substantial rehabilitation it must have been cited as abandoned of vacant for at least one year or have been owned by the City for at least one year.
• The property can not contain more than 4 dwelling units.
• You must apply for the tax credit within 90 days of settling on the purchase of the property.
• High-Performance buildings are defined by meeting green building guidelines or standards approved by the State.

ADDITIONAL REFERENCES & RESOURCES

Program Terms & Conditions 

Baltimore City Department of Finance
Email
Website

DISCLAIMER: The terms of this tax credit is subject to change. For a complete and updated list of Baltimore City tax credits, visit the Baltimore City Department of Finance here.