Baltimore City Council President Bernard C. "Jack" Young will file legislation Monday to lower property taxes for low-income seniors who have owned their homes for at least 10 years.
To qualify for the tax credit, homeowners would have to be at least 62 years old and have an annual income lower than $40,000. The break available would depend on the senior's income, the value of their home and other credits they receive.
Young said the proposal is intended to help stabilize communities by helping seniors avoid foreclosure, keeping more in their homes.
"From a financial standpoint, it makes total sense to do everything in our power to keep low-income older adults in their homes and out of poverty," Young said in a statement. "It's good for seniors and beneficial to neighborhoods that would avoid the adverse impact of additional foreclosures."
A senior with an annual income of $25,000 who pays $1,770 a year in property taxes, after the state credit is factored in, would save an additional $380 under Young's proposal.
•The council is expected to give final approval on legislation to extend the city's tax credits for improvements made to historic properties. The bill would keep the 10-year tax credits in place until 2021. It also provides for larger credits on expensive developments. The bill allows properties valued up to $5 million to receive the full 10-year tax credits, an increase from the $3.5 million ceiling in the current law.
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•City Councilman Nick J. Mosby announced plans Monday with the Baltimore Good Neighbor Coalition to draft a proposal to use city's zoning laws to do more to regulate the sale of alcohol and location of liquor stores.
Mosby, a Democrat running for mayor, intended to file a bill at Monday's meeting, but will introduce the measure at an upcoming meeting. He said the legislation is intended to cut down on crime and violence in city neighborhoods by increasing oversight of the liquor stores.
The council is expected to vote in the coming weeks on comprehensive zoning reform, which will include a proposal to address the number of liquor stores in the city.
Baltimore Sun reporter Luke Broadwater contributed to this article.