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MD SB183
Bill
Status
4/8/2025
Primary Sponsor
Budget and Taxation
Click for details
AI Summary
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Changes 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
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State Department of Assessments and Taxation will continue to automatically send all taxing authorities annual estimates of total real property assessments, new construction, and deletions by February 14
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Taxing authorities include county councils, boards of county commissioners, Baltimore City Council, and municipal corporation governing bodies
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Effective June 1, 2025; approved by Governor Wes Moore on April 8, 2025
Legislative Description
State Department of Assessments and Taxation - Notification of Constant Yield Tax Rate - Alteration
Counties
Last Action
Approved by the Governor - Chapter 72
4/8/2025