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City of Baltimore Special Tax Sale Ordinance

City Of Baltimore   
Urban | Suburban |
The Maryland State Legislature enacted House Bill 743 in 2000. This Bill created a procedure known as a special tax sale in Baltimore, Maryland. Upon a commitment by a purchaser to quickly foreclose and redevelop properties, the City may package vacant properties in a tax lien sale, setting the minimum bid prices less than the full amount of payments owed on the property, including unpaid taxes, fines and penalties assessed on the unpaid taxes, and the costs incurred in making the sale. If the purchaser fails to comply with the stipulations of the sale, the property reverts back to the City. In an instance that the City is unable to find a private purchaser it may purchase title to the property itself for the minimum bid at the tax lien sale.