Baltimore City, Maryland (Baltimore City, MD) — Property Tax, Reassessment & Investor NOI Guide
Baltimore City, MD carries an effective property tax rate of 2.24% (Statutory county assessor periodic revaluation; underwriters use post-acquisition projected tax bill (typically 85%–100% of purchase price × county millage rate).) and an estimated annual hazard insurance benchmark of $650/$100K coverage. Prepared by Stephen R. Mannenbach (J.D., MBA · Licensed Arizona REALTOR® (ADRE #SA713873000 · HomeSmart LLC)).
Assessor & Acquisition Due-Diligence Notes
Reassessment Rule: Statutory county assessor periodic revaluation; underwriters use post-acquisition projected tax bill (typically 85%–100% of purchase price × county millage rate). · Transfer Tax Rule: Combined State + County Realty Transfer & Recordation Tax (typically 2.0%–4.28% split between buyer and seller by local custom)..
Underwrite post-acquisition tax bill using county millage calculator to prevent Year-2 escrow shortage.