Baltimore city, MD Property Tax Calculator

The effective property tax rate in Baltimore city is 1.46% — calculated as the median annual property tax paid ($3,354) divided by the median home value ($229,600), using 2024 US Census ACS 5-year estimates. Your actual bill depends on your purchase price, homestead or senior exemptions, and any special assessments applied in your taxing district.

Maryland's combined real estate transfer tax is approximately 0.50% of the purchase price. On the median Baltimore city home value of $229,600, this adds roughly $1,148 at closing. State Transfer Tax 0.5% of price, customarily split 50/50 buyer/seller. Additional County Recordation Tax varies by jurisdiction ($2.50–$6.00 per $500 = 0.5%–1.2%), also customarily split. First-time MD buyers have the 0.25% buyer-side state portion waived (seller pays full 0.5%). As of July 1, 2025, state transfer tax rises from 0.5% to 1.5% on sales to 'real estate enterprises' (entities with >120 properties or >$12M statewide).

Yes, substantially. FEMA National Risk Index data shows 51.7% of Baltimore city's land area falls within a Special Flood Hazard Area (SFHA). Flood insurance is required for any federally-backed mortgage on a property inside an SFHA and commonly adds $800–$3,000 per year. Check your specific property's flood zone at msc.fema.gov before buying.

Closing costs for a buyer in Baltimore city typically run $4,592–$11,480 (2–5% of purchase price) on a median-priced home, including title insurance ($800–$2,000), appraisal ($400–$700), home inspection ($350–$600), recording fees ($100–$300), and loan origination (0.5–1.0% of the loan amount). Use the calculator above for a specific estimate at your purchase price.