Maryland Authorizes Baltimore City Property Tax on Certain Vacant Lots, Unfit Property

The Maryland Governor signed a law concerning property taxation. The law includes authorizing Baltimore City to impose the general property tax rate and a special property tax rate on a vacant lot or property cited as vacant and unfit for use that would otherwise by exempt, subject to certain exceptions. The law takes effect on June 1 and applies to taxable years beginning after June 30. [S.B. 550, enacted 04/22/25]

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.