Frederick, MD, approves changes to increase taxation rates for vacant property
Frederick, MD: The Board of Alderman approved a measure to address habitually vacant property.
The amendment would allow increased taxation for properties that have been vacant for 4 or more years.
The rates for increased taxation are:
4 years vacant to be taxed at 2x the normal rate
5 years vacant to be taxed at 2.5x the normal rate
6 years vacant to be taxed at 3x the normal rate
7 years vacant to be taxed at 3.5x the normal rate
8 years vacant to be taxed at 4x the normal rate
9 years vacant to be taxed at 4.5x the normal rate
10+ years vacant to be taxed at 25x the normal rate
The amendment works in conjunction with the City’s vacant property registration ordinance, which requires registration for a property once it is vacant more than 365 days, and subsequent registration fees based on the number of years vacant.
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