Alters the reimbursement schedule for local jurisdictions to cover administrative costs of the State Department of Assessments and Taxation.

This bill changes the schedule for local jurisdictions to reimburse the State Department of Assessments and Taxation for administrative costs. It specifies that counties and Baltimore City must reimburse 90% of the costs for real property valuation, business personal property valuation, and the Office of Information Technology. The reimbursement is based on the number of real property accounts and the business personal property assessable base. The bill takes effect June 1, 2026.

Alters the reimbursement schedule for local jurisdictions to cover administrative costs of the State Department of Assessments and Taxation.

This bill changes the schedule for local jurisdictions to reimburse the State Department of Assessments and Taxation for administrative costs. It specifies that counties and Baltimore City must reimburse 90% of the costs for real property valuation, business personal property valuation, and the Office of Information Technology. The reimbursement is based on the number of real property accounts and the business personal property assessable base. The bill takes effect June 1, 2026.