Wicomico County - Property Tax Credit - Salisbury Neighborhood Housing Services, Inc.

Wicomico tax break for Salisbury housing nonprofit

Wicomico County or its cities can grant a property tax credit to Salisbury Neighborhood Housing Services, Inc. (SNHS). The property must be held to develop or rehab and then transfer to a private owner, and not be an administrative or warehouse building. SNHS must file a yearly report listing all local properties and all property transactions when a credit is granted. Local officials set the credit’s amount, rules, and how long it lasts by local law. Starting June 1, 2026, and for tax years beginning after June 30, 2026, these local credits are allowed. If adopted, the credit lowers SNHS’s property taxes and can cut local tax revenue.