# Tax - Property (GTP)

## Title 9. Property Tax Credits and Property Tax Relief

### Subtitle 2. Statewide Optional

#### Section 9-268

(a) The Mayor and City Council of Baltimore City or the governing body of a county or municipal corporation may grant, by law, a property tax credit against the county or municipal corporation property tax imposed on real property that is used for a hotel or residential development project that is newly constructed or involves substantial rehabilitation or revitalization of existing structures.

(b) To qualify for the credit under this section, a hotel shall substantially increase the assessed value of the property.

(c) To qualify for the credit under this section, a residential development project shall:

  (1) include at least 20 residential units; and

  (2) have at least 15% of all residential units within the development that are affordable to households earning less than 80% of the area median income.

(d) The Mayor and City Council of Baltimore City or the governing body of a county or of a municipal corporation may provide, by law, for:

  (1) the amount and duration of the tax credit under this section;

  (2) eligibility requirements for the tax credit;

  (3) application procedures for the tax credit; and

  (4) any other provision necessary to carry out this section.

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Md. Code Ann., Tax-Prop. (as displayed at mgaleg.maryland.gov, October 16, 2026)