MD SB472

Baltimore City and county governments may establish special property tax subclasses for unimproved land and improvements to land located within 1 mile of rail stations, including MARC stations, Baltimore Metro SubwayLink, Light RailLink, and Metrorail/Purple Line stations

Local governments may set special property tax rates for these rail-adjacent property subclasses, with rates that cannot be 0% but must not exceed the standard county rate

Tax revenue from the special rail station rates is distributed with 5% going to the Transportation Trust Fund and 95% retained by the county or municipal corporation

Effective June 1, 2025, applicable to taxable years beginning after June 30, 2025