Maryland SB520 allows charter counties to set higher property tax rates for public safety budgets.

Maryland SB520 modifies the property tax rules for charter counties, allowing them to set higher property tax rates or collect more revenues than authorized by their charters, specifically for funding the public safety budget. This bill ensures that other county funding sources are not reduced below current levels. Counties must report to the Governor and General Assembly on the property tax rate set and the additional revenues generated. The changes take effect June 1, 2026.

Maryland SB520 allows charter counties to set higher property tax rates for public safety budgets.

Maryland SB520 modifies the property tax rules for charter counties, allowing them to set higher property tax rates or collect more revenues than authorized by their charters, specifically for funding the public safety budget. This bill ensures that other county funding sources are not reduced below current levels. Counties must report to the Governor and General Assembly on the property tax rate set and the additional revenues generated. The changes take effect June 1, 2026.