What is the property tax rate in Baltimore?

Baltimore City has one of Maryland's highest rates, with a combined city plus state effective rate of about 1.55% of assessed value. The city portion is roughly $2.248 per $100 plus a state levy.

How is assessed value determined in Maryland?

The Maryland State Department of Assessments and Taxation reassesses property every three years at full market value. Baltimore applies the tax rate to that full assessed value, not a fractional ratio.

What is the Homestead Tax Credit?

The Homestead credit caps how much your taxable assessment can rise each year for an owner-occupied primary residence. In Baltimore the cap limits annual taxable assessment growth, shielding owners from large reassessment spikes.

Are there other Baltimore property tax credits?

Yes. Baltimore offers credits such as the Homeowners' Property Tax Credit for lower incomes and targeted credits for certain improvements. This estimator lets you enter a flat credit amount to reflect them.

Is this estimate exact?

No. It is a close approximation using the published effective rate. Your actual bill depends on the current city and state rates, special district charges, and any specific credits you qualify for.

Baltimore Property Tax Estimator

What this tool does

Baltimore City carries one of Maryland’s highest property tax burdens. This estimator applies the combined city-plus-state effective rate of about 1.55% to your home’s full assessed value, supports the Homestead assessment cap for owner-occupants, and lets you subtract a flat credit amount to estimate your annual bill.

How it works

Maryland assesses property at full market value, and Baltimore applies its rate directly:

taxable_value = homestead_capped_assessment   (for primary residences)
gross_tax     = taxable_value * 0.0155
net_tax       = max(gross_tax - flat_credits, 0)

The Homestead Tax Credit limits how much your taxable assessment can grow year over year for an owner-occupied home, so a sharp reassessment does not immediately spike your bill. The estimator lets you enter a capped taxable assessment to reflect that protection, then subtracts any flat credits you qualify for.

Example and notes

On a home assessed at $250,000 with no extra credits: gross_tax = 250,000 * 0.0155 = $3,875/yr, or about $323/mo. If a $692 Homestead-related credit applies, the net drops to $3,183. The 1.55% figure blends Baltimore’s city rate (around $2.248 per $100 of value) with the state levy; special benefit districts can add small surcharges. Use this as a planning estimate and confirm the exact figure on your official Baltimore City tax bill.