State Transfer Tax - Rate - Alterations (Housing Affordability for Buyers and Sellers)

Summary

The bill rewrites Maryland’s state transfer tax schedule, setting new percentage rates that vary by property type and sale price. It also creates a reduced 0.25% rate for qualifying first‑time homebuyers, which must be paid by the seller. The changes are intended to ease the cost of buying a home while adjusting tax revenue from higher‑value transactions.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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