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Transactions assessed; Tax rate.

Baltimore City Code, Article 28, § 17.1-2
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§ 17.1-2. Transactions assessed; Tax rate. (a) Transactions assessed. The Yield Tax shall be assessed on those transactions whose value exceeds $1 million, as determined by Subtitles 16 and 17 of this article for the purposes of calculating the recordation and transfer taxes respectively. (b) Tax rate. The rate of tax shall be as follows: (1) 15% on the amount collected under Subtitle 16 of this article; and (2) 40% on the amount collected under Subtitle 17 of this article. (Ord. 19-233; Ord. 18-215.)
Source: City of Baltimore Department of Legislative Reference, City of Baltimore Law Library (codes.baltimorecity.gov; Open Law Library bulk XML)URL: https://codes.baltimorecity.gov/us/md/cities/baltimore/code/28/17.1-2Fetched: 10/25/2026

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