Bill > SB457

This bill allows the Mayor and City Council of Baltimore City or the governing body of any county to create separate categories, or "subclasses," for real property taxation, specifically distinguishing between "land" itself and "improvements to land," which refers to structures or developments on the land. Currently, counties generally must apply a single property tax rate to all real property, with limited exceptions. This bill would permit these local governments to set different tax rates for land and for improvements to land, provided that any separate rates are applied consistently across all properties within that subclass throughout the taxing jurisdiction. This change is intended to provide more flexibility in how local governments levy property taxes and will take effect for taxable years beginning after June 30, 2027.

Budget and Finance

https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0457?ys=2026RS