MD HB133

Changes the constant yield tax rate notification from a mandatory annual requirement to an opt-in system where taxing authorities must request the calculation by February 1 each year

The State Department of Assessments and Taxation will only calculate and provide constant yield tax rates to county councils, Baltimore City Council, or municipal governing bodies that specifically request the information

The Department must still send all taxing authorities annual estimates of total real property assessments, new construction/improvements, and potential deletions from assessment records by February 14

Eliminates provisions allowing the Department to amend constant yield tax rates for homestead credit changes, General Assembly enactments, calculation errors, or significant taxable base losses

Effective June 1, 2025; approved by Governor Wes Moore on April 8, 2025