Bill > SB204

This bill modifies the deadline for setting property tax rates in Maryland, specifically for Baltimore City, counties, and municipal corporations. Currently, these local governing bodies are required to set their property tax rates by July 1, but the bill changes this deadline to June 20. This change means that local governments will now have a slightly shorter window to determine their property tax rates for the upcoming taxable year. The bill applies to all property tax-setting entities, including the Mayor and City Council of Baltimore City, county governing bodies, and municipal corporation governing bodies. The modification allows for the same overall process of setting tax rates but moves the final deadline approximately 11 days earlier. The bill is set to take effect on July 1, 2025, providing local governments advance notice of the deadline change. By moving the deadline earlier, the bill may help local governments complete their budgeting and tax rate setting processes slightly more quickly, potentially allowing for earlier financial planning and preparation.

Budget and Finance

Budget and Taxation (S)

https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0204?ys=2025RS