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Baltimore city notices and disclosures addendum

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The document is a Baltimore City Notices and Disclosures Addendum for use with the Maryland Association of REALTORS® Residential Contract of Sale. It informs buyers about potential impacts from the Baltimore City Master Plan, tenant rights regarding rental properties, eligibility for tax credits on newly constructed homes, and proximity to heavy-industrial and railroad operations. The addendum emphasizes the importance of consulting relevant city agencies for detailed information.

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How to register a rental property in Baltimore City?

RENTAL LICENSING Complete the online property registration and include the owners current contact information; Submit a passing 3rd party inspection report(s) performed by a State licensed inspector who is registered with Baltimore City or a passing Section 8 inspection report(s) for each unit.

What is the transfer tax in Baltimore City Real Estate?

The City of Baltimore taxes the transfer of real property. The City transfer tax is 1.5% multiplied by the amount of consideration and the State transfer tax is 0.5% multiplied by the amount of the consideration.

What is the tax rate yield?

The tax-equivalent yield is the return a taxable bond needs to equal the yield on a comparable tax-exempt bond, such as a municipal bond. Investors compare the returns between a tax-free investment and a taxable alternative. The value of a tax-equivalent yield to an investor depends on an individuals tax bracket.

What is the yield tax in Baltimore City?

The Yield Tax rate is: 0.15% on the amount collected under SUBTITLE 16, Recordation Tax and 0.6% on the amount collected under SUBTITLE 17, Transfer Tax. Payment of the Yield Tax must be made by check, payable to the Director of Finance Baltimore City, separate from Transfer Tax and Recordation Tax checks.

How do I complain about housing in Baltimore City?

You may contact the Housing Authority of Baltimore City (HABC) by calling our main office number at 410-396-3232, or the Maryland Relay System (for the hearing impaired) at 711, or 1-800-735-2258 to find a representative who can address your concerns. You may also send a Fax to 410-545-3238.

What is the Baltimore city tax rate?

Baltimore City At 1.51%, the city of Baltimore has the highest effective property tax rate in the state. However, homeowners who do not receive any tax credits may pay even higher rates than that. For the 2025 fiscal year, the total listed tax rate in Baltimore is $2.248 per $100 of assessed value.

What are the heating laws in Baltimore City?

Requirements for Heating of Rental Units (During the months of October 1st to April 30th) 65 degrees Fahrenheit in all habitable rooms, bath- rooms and toilet rooms with no room to be less than 60 degrees Fahrenheit during the hours of midnight to 5 a.m.

Why is Baltimore City property tax so high?

Baltimore Citys Property Tax Rate is the highest in the State (2. 248%) . Here are a few reasons why There are a large number of vacant structures, resulting in residents and businesses sharing the additional burden of the tax base that is not taxable due to vacancy.

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