Maryland’s state property tax rate will remain flat for the 18th year — 11.2 cents per $100 of assessed value for homeowners and businesses.
Utilities continue to face a higher rate at 28 cents per $100.
Despite a steady rate, taxpayers will still pay more, thanks to rising property assessments across all counties and Baltimore City.
A flat rate doesn’t mean relief when your property value is reassessed upward every year.
Gov. Wes Moore claims he’s protecting the working and middle class, but this is a cosmetic win.
Real concern: rising assessments, expanding state spending, and more burden on taxpayers by other means.
Maryland’s debt tops $10 billion, and the property tax revenue isn’t covering debt service.
The state will have to raid the general fund — $156 million in FY2026, ballooning to $500 million by FY2030.
That’s half a billion dollars redirected from core services to cover interest on past borrowing.
Though Maryland holds a triple-A rating, Moody’s has placed the state on a “negative outlook.”
Concerns center on Maryland’s increasing spending, reliance on federal dollars, and looming liabilities like massive sex abuse settlements.
A downgrade could lead to higher borrowing costs, putting more pressure on taxpayers.
Maryland is flagged as most at risk from changes in federal policy — a major red flag.
Overreliance on D.C. money leaves the state vulnerable to budget shocks and further fiscal irresponsibility.
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