However, if the councilman is serious about incentives for home ownership and greater access to quality affordable housing, he needs to set his goals higher for an across-the-board real property tax reduction in the city of Baltimore. It is no secret that Baltimore’s tax rate is double that of its surrounding counties with at minimum a perception of inferior services. This is a barrier not only to home ownership, but also to new construction and preservation of quality affordable rental housing.
The council has access to some of the top economists and real estate developers in the country right here in Baltimore. It’s about time they start working together to find a real long term real estate tax solution to spark investment in our city. We need transformation leadership, not Band-Aids and political headlines.