Bill > SB550

This bill authorizes the Mayor and City Council of Baltimore City to impose property taxes on certain vacant and abandoned properties owned by nonprofit organizations that would traditionally be exempt from taxation. Specifically, the bill allows Baltimore City to apply both the general property tax rate and a special rate for vacant lots or improved properties that have been cited as unfit for habitation or use, even if these properties are owned by nonprofits like hospitals, charitable organizations, religious groups, or educational institutions. The special rate can be up to 10 times the standard property tax rate, and the law is designed to encourage these nonprofit property owners to either improve or develop their vacant properties. The bill aims to address urban blight and incentivize more productive use of properties in Baltimore City. The changes will take effect on June 1, 2025, and will apply to all taxable years beginning after June 30, 2025, giving nonprofit organizations advance notice of the new taxation potential.

Budget and Finance

https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0550?ys=2025RS