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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.



DETAILS:

  • 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

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