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Office of Homeownership
Baltimore City Tax Incentives
Newly Constructed Dwelling Tax Credit
Administered by the Baltimore City Department of Finance
Contact Ms. Paula Buchanan, 410-396-3972 or Click here to download an application.
 Owner occupies new construction.
50% credit in first year to 10% in fifth year.
Applies to building permits issued after October 1, 1994.
Owner must apply for credit within 90 days of closing and title transfer.
Rehabilitated Vacant Dwelling Tax Credit
Administered by the Baltimore City Department of Finance
Contact Ms. Paula Buchanan, 410-396-3972
5 year reduction in assessment increase due to rehab.
100% credit in first year to 20% in the fifth year.
Encourages rehab of vacant property.
Up to four (4) dwelling unit property.
Vacant and abandoned for one year.
www.healthyneighborhoods.org
The Healthy Neighborhoods Initiative (HNI) is an effort of area foundations and the City of Baltimore to invest strategically in certain neighborhoods and target blocks within those neighborhoods. On HNI target blocks, special purchase-rehab mortgages and home improvement loans are available. In addition, city employees are eligible for an extra $750 as part of the Baltimore City Employee Homeownership Program, bringing their total incentive from that program to $3,750.
Home Improvement Tax Credit
Administered by the Baltimore City Department of Finance
Contact Ms. Paula Buchanan, 410-396-3972
5 year reduction in increases due to improvements completed.
100% credit in first year to 20% in the fifth year.
Improvement incentive.
Historic Landmarks and District Tax Credit
Administered by the Maryland Historical Trust
For more information and application, contact 410-514-7628 or visit www.marylandhistoricaltrust.net
For City landmarks and properties listed with the National Register of Historic Places.
Maintains tax assessment at level before renovation.
10 year period, 100% tax credit on increased value due to eligible improvements.
33 districts in Baltimore City.
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