Property Tax - Residential Real Property - Moratorium on Assessment Increases

HB 826 freezes increases to the assessed value of residential property in Maryland for taxable years 2026 through 2028. It directly affects homeowners by preventing local governments from raising property tax assessments based on market value during this period, unless specific exceptions apply. These exceptions include zoning changes initiated by the owner, significant improvements adding at least $100,000 in value, changes in property use, or errors in calculation. The bill does not alter tax rates or affect commercial properties, only limiting assessment increases for residential homes.