City of Baltimore - High-Performance Market-Rate Rental Housing Property Tax Credit

Summary

The City of Baltimore offers targeted and citywide property tax credits for buildings that achieve LEED Silver, the Baltimore City Green Building Code Standard Two Green Star rating, or any comparable alternative standard approved by the State of Maryland. The tax credit provides a credit against the tax imposed on the increased value of real property due to improvements that were made to the property immediately before the final occupancy permit was issued. To view areas eligible for targeted tax credits, view Section 10-17 of Article 28 of the Baltimore City Code. The the citywide credit amounts are as follows:

• In years 1 through 5.......80% 
• In year 6...........................70%
• In year 7...........................60%
• In year 8...........................50%
• In year 9...........................40%
• In year 10.........................30%
• In years 11 and after......0%

The credit amounts for targeted areas are:

• In years 1 and 2..............100%
• In years 3, 4, and 5.........80%
• In year 6...........................70%
• In year 7...........................60%
• In years 8, 9, and 10.......50%
• In year 11.........................40%
• In year 12.........................30%
• In years 13, 14, 15...........20%