Whereas: The real estate property tax rate in Baltimore City is more than double the rate of surrounding counties:
- Baltimore City Tax Rate is 2.248% of assessed value.
- Baltimore County Tax Rate is 1.1% of assessed value.
- Anne Arundel County Tax Rate is 0.95% of assessed value; and
Whereas: Homeowners, business owners, and investment capital need a reason to come here and stay here. Instead of attracting them, Baltimore’s high property tax rate does the opposite; and
Whereas: A high tax rate is a lose-lose proposition since the resulting economic strain and depressed property assessments hurt the profitability and tax base of private and public interests, respectively; and
Whereas: Insignificant, token property tax rate cuts insult voters’ intelligence and will not improve the local economy in any meaningful way;
Therefore: As your constituent, I DEMAND that you support all efforts to make a genuine cut in our property tax rate on real estate. Slashing the rate to a competitive level of 0.95% would be a good start!