Vacant Dwelling Property Tax Credit
The Vacant Dwelling Property Tax Credit was designed to encourage the renovation and reuse of residential vacant properties. This credit provides 100% relief from city property tax increases in the first taxable year with the credit declining by 20 percentage points each year thereafter.
The credit is 100% in the first taxable year and declining by 20 percentage points thereafter for five years.
The home must be residential with no more than four dwelling units.
The credit is applied only to the increased value of the dwelling due to improvements.
The property must be cited as vacant and abandoned on a housing or building code violation notice for one year; or, have been owned by the Mayor and the City Council for more than one year.
The home needs to have been substantially rehabilitated by the owner, bringing it into compliance with all codes and laws applying to the dwelling.
The property must be occupied by the owner as their principal residence after the rehabilitation.
For More Information
Contact Baltimore City Department of Finance