Baltimore County - Transfer Tax - Exemption for First-Time Home Buyers

HB 602 exempts first-time home buyers in Baltimore County from the county's transfer tax when purchasing improved residential property they will occupy as their primary residence. It directly affects individuals who have never owned residential property in Maryland that served as their principal residence before. To qualify, buyers (or their agents) must provide a sworn statement confirming their first-time buyer status and intent to live in the property as their primary home. The exemption takes effect July 1, 2026, and applies to property transfers meeting these specific criteria.