Business & Finance
Where is the Baltimore City Transfer Tax office located?
The Municipal Building, Transfer Tax Unit, Room 1, Suite 1B, 200 Holliday Street, Baltimore, Maryland 21202.
What is recordation tax?
The Recordation Tax is an excise tax that was previously imposed by the State for the privilege of recording an instrument in the Land Records. Although imposed by the State, the recordation tax, to the extent collected by each clerk or city fiscal office, goes to such city’s treasury.
Where do I send a payment for a delinquent bill shown on the Final Bill and Legal Notice?
Checks/money orders for payment of delinquent bills should be made payable to “Director of Finance” and mailed in the envelope provided with the Final Bill or addressed to:
Abel Wolman Municipal Building,
Bureau of Revenue Collections,
200 Holliday Street,
Baltimore, Maryland 21202
What is the homestead tax credit?
The homestead tax credit program was designed to limit the amount of the annual increase in taxable assessments for eligible owner occupied properties. The program dates back to the late 1970’s, a period of rapid escalation in property values. State law requires each Maryland local government to establish a limit on how much owner occupied residential taxable assessments may increase each year. The program protects homeowners from increases in taxable assessment above the level established by local law, or 10%, if no local action is taken. In the early 1990’s, the City established the annual cap at 4% and it continues to be set at 4% today. The credit is applied against the taxes due on the portion of the reassessment exceeding the 4% homestead cap. The credit is applied directly to the property owner’s tax bill.