Targeted Homeowners Tax Credit

At a Glance

Property tax credit

Who's Eligible?

Baltimore City homeowners who live in their home as their primary residence

To Get Started

Ensure your home is registered as owner-occupied and that your homestead application has been accepted

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 Department of Finance proposes a new THTC amount, which is then subtracted from the base property tax rate. In Fiscal 2020, the effective owner-occupied property tax rate is $2.048 per $100 of assessed value.


This program reduces your property taxes.


  • Your home must be designated as a Primary Residence on your property tax bill in order for the THTC rate to be applied.
  • Homeowners who have had their Homestead Property Tax Credit application approved by the MD State Department of Assessments and Taxation will have their Baltimore City property tax bill reflect their Primary Residence status.
  • The savings calculated from the THTC will be shown on your property tax bill as a ‘Special Credit’.


Department of Finance: Program Summary


Baltimore City Department of Finance

We're here to help.

Have more questions about this or other Baltimore City homeownership incentives? We're here to help! Send us an email or give us a call at (410) 637-3750. A Live Baltimore team member can walk you through your options.
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