One of the incentives offered by the State of Maryland to encourage new industry to locate in a designated Enterprise Zone or have existing industry expand there is a real property tax credit. The Department of Assessments and Taxation certifies the assessment and the amount of property tax credit is an actual reduction in the amount of taxes which would have been due on the increased value or assessment of property where capital investments have been made or where new employees have been hired. Generally, the amount of this special tax credit shall be 80 percent of the "eligible assessment" in each of the first 5 taxable years; 70 percent in the 6th taxable year; 60 percent in the 7th taxable year; 50 percent in the 8th taxable year; 40 percent in the 9th taxable year; and 30 percent in the 10th taxable year following the calendar year in which the property first becomes a "qualified" property as determined by the Department of Commerce. This property tax credit is administered jointly by the local Enterprise Zone administrator for the zone in which the property exists and the Maryland Department of Assessments and Taxation.

Most Enterprise Zones are general in nature and follow the allowed % credits each year as described in the paragraph above. However, under certain circumstances, an Enterprise Zone may be deemed a “Focus Area”. The amount of this special tax credit in a Focus Area shall be 80 percent of the "eligible assessment" in each of the 10 years eligible for a tax credit.