City of Baltimore - High-Performance Market-Rate Rental Housing Property Tax Credit
If you own a multifamily rental property in Baltimore that achieves LEED Silver or the Baltimore City Green Building Code Standard Two Green Star rating, you can reduce your property taxes on the increased value from your improvements—receiving 80% credit in years 1–5 citywide, or up to 100% in years 1–2 if located in a targeted area, with credits declining over time. Contact the City of Baltimore for details on how to apply and verify your property qualifies for either the citywide or targeted tax credit program.
Highlight to clients that new high-performance multifamily rental projects qualifying for LEED Silver or comparable standards can capture significant property tax savings through the City of Baltimore's tiered credit system, which provides stronger incentives in earlier years and additional benefits in designated targeted areas. Ensure projects meet the specified green building standards before final occupancy permits are issued, as the tax credit applies to property value improvements from work completed up to that point.
The program awards property tax credits against increased real property value from green building improvements, with citywide credits starting at 80% and declining over 10 years, and higher-value targeted-area credits (100% years 1–2, declining to 20% by year 15) for properties achieving LEED Silver or Baltimore City Green Building Code Standard Two Green Star. Eligible multifamily rental properties must complete improvements before final occupancy permit issuance; refer to Baltimore City Code Section 10-17 of Article 28 for targeted area maps and definitions.
Program details
- Program ID
- 22677
- Last updated
- 7/24/2024
Eligibility
- Sectors
- multifamily residential
- Technologies
- comprehensive measures/whole building
Program summary
The City of Baltimore offers targeted and citywide property tax credits for buildings that achieve LEED Silver, the Baltimore City Green Building Code Standard Two Green Star rating, or any comparable alternative standard approved by the State of Maryland. The tax credit provides a credit against the tax imposed on the increased value of real property due to improvements that were made to the property immediately before the final occupancy permit was issued. To view areas eligible for targeted tax credits, view Section 10-17 of Article 28 of the Baltimore City Code. The the citywide credit amounts are as follows:
- In years 1 through 5.......80%
- In year 6...........................70%
- In year 7...........................60%
- In year 8...........................50%
- In year 9...........................40%
- In year 10.........................30%
- In years 11 and after......0%
The credit amounts for targeted areas are:
- In years 1 and 2..............100%
- In years 3, 4, and 5.........80%
- In year 6...........................70%
- In year 7...........................60%
- In years 8, 9, and 10.......50%
- In year 11.........................40%
- In year 12.........................30%
- In years 13, 14, 15...........20%
Contact & resources
- Contact email
- paibldgrvw@baltimorecountymd.gov
- Additional resources
Please verify current program details with the administering agency before making any financial decisions.
