The Can Company at 2400 Boston Street in Canton paid $88,605 in city property taxes in 2012. The two shopping centers that make up the Inner Harbor’s Harborplace pay $567,348 and $408,936, respectively, in property taxes.
BmoreMapped.com, a project developed during last weekend’s Hack for Change event, pulls property tax data from OpenBaltimore and places it into an interactive map, searchable by address. Darker colors indicate properties where the respective property tax is more per year.
The map itself was developed by Johns Hopkins University student Ryan Smith, who’s presently working toward his Ph.D. in biomedical engineering.
BmoreMapped.com visualizes your neighbor’s property taxes
the problem of poorly assessed commercial properties has been a well
known issue in the city for almost a decade. its was actually one of the
big issues suggested to be addresses by the 2007 Taxes and Fees report (a panel that i was on). developers presented to the city that when developing pro forma’s for new construction projects they had projected far larger commercial property taxes than they were eventually charged.
here the issue is actually with the State of MD – the city sets the tax
rate, but the state does all residential + commercial assessments. the
state claimed that they didn’t have enough resources to do the required
research on commercial properties. it was discussed for the city to pay
for some staff people to work in the assessment office, just to work on
city commercial properties, but the state was not interested in fixing
the situation (there is no incentive for them to do so…). a staffer at
BDC easily produced two property assessments as samples, to show that
it readily could be done. now as the real estate market is coming back
is the time to get this issue front and center again. Here is a link to
the report that i found online
http://s3.amazonaws.com/zanran_storage/www.ci.baltimore.md.us/ContentPages/12540740.pdf