The Baltimore City Property Tax: How much should it be cut?

Debate summary

Almost everyone agrees that Baltimore City’s property tax rate – roughly twice that of any other jurisdiction in Maryland— is an obstacle to the city’s renewal and its efforts to attract new residents and create greater economic opportunity. What few can agree on, however, is how much the city needs to cut its tax rate to be competitive, how to achieve such cuts, and where they should be targeted. Current public policy offers tax breaks for developers to promote building. Critics say breaks should be extended to all residents. Still others say targeted rate cuts for families or newcomers or requiring nonprofits, who don’t pay property taxes, to start would encourage more people and businesses to move to the city. At the Maryland Policy Forum, we think the way to find the best public policy solution to Baltimore City’s tax problem is through vigorous debate. And we know a thriving Baltimore City benefits everyone in the state in terms of higher tax revenue and lower subsidies. Don’t miss the free debate central to the city and state’s future. Sponsorships still available – please contact The Maryland Public Policy Institute at (240) 686-3510. This event is being live streamed, please tune in! Co-sponsors:

Moderator

Andrew A. Green

Opinion editor, The Baltimore Sun