Baltimore city property tax study

"Chapter 624 of 2014 required the Department of Legislative Services (DLS) to study the feasibility and effects of increasing Baltimore City's homestead property tax credit assessment cap and using the increased revenue to offset a reduction in the city's property tax rate. The study must estimate: 1) the amount of reduction in Baltimore City's property tax rate that could be offset by various increases in the homestead property tax credit assessment cap, and 2) the net impact on homeowners of increasing Baltimore City's homestead property tax credit assessment cap while decreasing the property tax rate"--p. v.