Baltimore City Increases Recordation and Transfer Taxes to Help Fund Affordable Housing Trust Fund
Baltimore City Recordation and Transfer Tax Increase
The Tax Increase will Increase Baltimore’s Affordable Housing Trust Fund
On December 12th, Baltimore City Mayor Catherine Pugh signed into law Council Bill 118-0221, enacting the imposition of an increase in Baltimore City’s recordation (0.15%) and transfer (0.6%) taxes with respect to both residential and commercial transactions over $1 million.The ordinance takes affect on January 11, 2019.
You can read more about this in the Baltimore Sun here or by visiting Baltimore City’s website here.