Property Taxes - Tax Sales, Legacy Protection Program, and Tax Credits
Maryland restructures property taxes through a Legacy Protection Program and modified tax sales procedures while creating new tax credits.
Maryland restructures property taxes through a Legacy Protection Program and modified tax sales procedures while creating new tax credits.
SB 765 modifies Maryland's property tax system by establishing a Legacy Protection Program, adjusting tax sale procedures, and creating new tax credits. The bill addresses property tax burdens through mechanisms designed to protect long-term residents and homeowners while generating revenue adjustments through modified tax sale processes.
Property taxes are a primary funding source for local schools and services in Maryland, making changes to tax policy directly affect household budgets and municipal revenues. The Legacy Protection Program could significantly impact housing stability for vulnerable populations, while tax sale modifications may affect how counties recover unpaid tax obligations and the foreclosure timeline for property owners.
Compiled from official sources — confirm details with the bill’s official record.
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