Bill > HB805

This bill, titled the Building Homes Act, allows the Mayor and City Council of Baltimore City or the governing bodies of counties and other municipalities to create laws that offer a property tax credit on certain homes. This tax credit would apply to homes that have a mortgage or deed of trust (a legal agreement for a loan secured by property) provided by a nonprofit organization and are subject to a long-term agreement (at least 20 years) that ensures the home is priced affordably, including when it's resold. The credit's amount would be the difference between the tax on the home's full value and the portion of the value the homeowner is responsible for on their primary mortgage. Local governments can also establish rules for how long the credit lasts, who qualifies, and how to apply for it, with the changes taking effect for tax years starting after June 30, 2026.

Budget and Finance

https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0805?ys=2026RS