The proposal, which is dependent on revenue from the planned slots casino, would gradually lower property tax rates for owner-occupied homes over the next eight years. The city's property tax rate is more than double that of the surrounding counties.
Under Rawlings-Blake's plan, 90 percent of the revenue from the slots casino would go to reducing property taxes and 10 percent would fund part of a school construction initiative.
"The most important thing for us was property tax relief," she said of the slots proceeds.
Under Rawlings-Blake's legislation, an owner-occupied home in Baltimore valued at $200,000 would see a $40 tax cut in 2013 and a $400 reduction in 2020, according to the city.