xml:space="preserve">

Baltimore economist Anirban Basu makes a suggestion on the Open Society Institute-Baltimore's "Audacious Ideas" website, and the headline says it all: "Slash the City's Property Tax Rate by More than 50 Percent over the Next 25 Years."

The city's property tax rate is more than twice that of Maryland's counties. Basu argues that a guarantee of big cuts over time would get the city out of its "classic Catch-22": With its population losses, the city needs a high rate to balance its budget -- which in turn drives more residents out. He writes:

Advertisement

Do you agree?

Advertisement
Advertisement
Advertisement