Law seeks to limit nuisance properties
The Baltimore County Council on Monday night passed legislation to tax vacant structures and direct the revenue to funds that help find housing and fix up vacant buildings.
The law will take effect July 25.
Baltimore County has about 500 structures that are registered with the county as vacant, and 31 that are deemed unfit for habitation or other authorized use. The measure allows the county to tax such properties at a rate of $10 per $100 of assessed value. One-half of the revenue will go to the Neglected Property Community Fund, which the law is establishing, and the other half will go to the Housing Opportunities Fund to help residents find affordable housing. Based on those 31 properties, the county estimates it will collect $700,272 when it begins to assess properties after the bill takes effect, according to the fiscal note provided to the County Council.
Read full article: Baltimore County passes law to tax vacant structures – The Baltimore Banner
