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Updated about 8 years ago on . Most recent reply

User Stats

145
Posts
20
Votes
Lakshay G.
  • Small Business Owner
  • Fallston, MD
20
Votes |
145
Posts

Mortgage: Baltimore city versus Baltimore county

Lakshay G.
  • Small Business Owner
  • Fallston, MD
Posted

I'm analyzing properties in Baltimore city lately. When using "MRIS close it" app, the monthly mortgage payment is almost $100 more and cash to close is higher when using Baltimore City as compared to Baltimore county. May I ask whether property taxes or other fees is higher in the city than the county?

Thank you. 

Most Popular Reply

User Stats

472
Posts
257
Votes
Michael Cohen
  • Investor
  • Towson, MD
257
Votes |
472
Posts
Michael Cohen
  • Investor
  • Towson, MD
Replied

It's the property taxes. BaltCo taxes are $1.10 per $100 assessed rate. Balt City is $2.248.

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