Baltimore City - Property Taxes - Authority to Set Special Rates

This bill allows Baltimore City to set different property tax rates for specific property classes (like commercial buildings or residential units) instead of applying a single rate to all properties. It directly affects Baltimore property owners whose properties fall into these defined categories, such as those designated as vacant or unfit for use. The city must annually report on these special rates, including revenue generated and how funds are spent. The policy change takes effect for taxable years beginning after June 30, 2025.