Bill > HB826

This bill, effective June 1, 2026, establishes a moratorium on increasing the assessed value of residential real property in Maryland for taxable years beginning after June 30, 2026, and before July 1, 2029. The "assessed value" is the value of a property for tax purposes, and this bill aims to prevent it from going up during this period. The moratorium applies even to the "phased in value," which refers to a gradual increase in assessed value allowed under certain circumstances in the existing Tax - Property Article. However, there are several exceptions where an increase in assessed value will still be permitted, including if the owner initiates a change in zoning classification, if there's a change in the property's use or character, if improvements worth at least $100,000 are substantially completed, if there was a calculation or measurement error, if a residential use assessment is terminated according to a specific section of the Tax - Property Article, or if the property is "subdivided," meaning it is divided into smaller parcels.

Budget and Finance

https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0826?ys=2026RS