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Councilmember Cohen introduces plan to raise homestead tax credit cap as part of property tax-relief strategy
Summary
Vice President Cohen introduced City Council Bill 26-0151 to raise the homestead tax credit cap from 4% to 6% to begin lowering Baltimore’s effective property tax rate below $2; the measure was referred to Budget and Appropriations with a hearing set for Feb. 17.
Baltimore — Vice President Cohen introduced City Council Bill 26-0151, a proposal to raise the homestead tax credit cap from 4% to 6% for the taxable year beginning July 2026 as part of a broader property tax-relief strategy.
Cohen said the cap has remained unchanged for decades and that increasing it is intended to generate revenue changes that would allow the city to lower…
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