The Maryland State Department of Assessments and Taxation on Wednesday launched an initiative aimed at improving the accuracy of vacant land assessments in Baltimore City, in response to community feedback about the valuation of vacant homes.
“Baltimore is a city where property values can shift significantly block by block,” SDAT Executive Director Bob Yeager said. “That’s why we use neighborhood-based market groupings, which capture a more accurate reflection of local conditions and avoid one-size-fits-all solutions. We’re prioritizing a full review of vacant land in each reassessment cycle.”
What does the initiative include?
The department will methodically identify all properties that have not been developed in the Group 2 reassessment area of Baltimore City.
Group 2 refers to a set of residential and commercial properties that are appraised on a three-year cycle by SDAT…