Homestead tax credit increase recommended
At a glance
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The Budget & Appropriations Committee recommended favorably, with amendment, an ordinance to increase the homestead tax credit percentage for the taxable year beginning July 2026. The committee also placed the Fiscal Year 2027 Ordinance of Estimates on the agenda for public hearing. Four members were present and one was excused.
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What this means
Committee members voted to move forward an ordinance that would raise the homestead tax credit percentage starting July 2026; that credit reduces the taxable portion of a homeowner’s property value, which can lower bills. The city’s FY2027 spending plan (the Ordinance of Estimates) was scheduled for a public hearing but no final vote on the budget is recorded in these minutes, so residents should expect further meetings before final appropriations are set.
Key decisions
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- Ordinance 26-0151 (increase homestead tax credit percentage) was Recommended Favorably with Amendment (motion by Paris Gray). Vote: Yes — McCray, Middleton, Gray; No — Schleifer.
- Ordinance 26-0188 (Ordinance of Estimates for Fiscal Year ending June 30, 2027) was placed on the agenda for public hearing; no final appropriation vote is recorded in these minutes.
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Meeting information
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Budget & Appropriations Committee
26-0151 & 26-0188 (Agency Budget Hearing - Courts)
Agenda
- CALL TO ORDER
- INTRODUCTIONS
- ATTENDANCE
- ITEMS SCHEDULED FOR PUBLIC HEARING
- ITEMS SCHEDULED FOR WORK SESSION
- ADJOURNMENT
- THIS MEETING IS OPEN TO THE PUBLIC
- Taxes – Property Tax – Increase of Homestead Tax Credit Percentage FOR the purpose of increasing the homestead tax credit percentage for the taxable year beginning in July, 2026.
- Ordinance of Estimates for the Fiscal Year Ending June 30, 2027 FOR the purpose of providing the appropriations estimated to be needed by each agency of the City of Baltimore for operating programs and capital projects during the Fiscal 2027 year.
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