Most of the changes are effective July 1. For instance, the two-axle cash rate at the Bay Bridge will be reduced from $6 to $4 round trip. For E-ZPass users, it's only $2.50.
Toll discounts will be increased statewide for E-ZPass users and the monthly $1.50 fee will be eliminated.
"We are proud to announce what by far is our largest tax relief package to date and marks the first time tolls have been lowered in Maryland in nearly 50 years," said Governor Hogan. "This tax cut will put more than a quarter billion back into the pockets of our beleaguered Maryland taxpayers, and back into our economy."
The move is expected to save Marylanders $54 million a year, the governor's office said.
The following toll reductions and changes are effective July 1, 2015:
-- Eliminate the E-ZPass Maryland monthly $1.50 account fee for Maryland residents.
-- Reduce all Cash, Video, Commuter and Shoppers' toll rates at the Bay Bridge (US 50/301), including a reduction in the two-axle cash rate from $6 to $4 round trip and in the Commuter rate from $2.10 to $1.40.
-- Increase the E-ZPass Maryland discount from 10% to 37.5% at the Bay Bridge – toll drops from $5.40 to $2.50 round trip.
-- Increase the E-ZPass Maryland discount from 10% to 25% for the Baltimore Harbor (I-895) and Fort McHenry (I-95) tunnels, the Francis Scott Key Bridge (I-695), the Thomas J. Hatem Memorial Bridge (US 40) and the John F. Kennedy Memorial Highway (I-95) – toll drops from $7.20 to $6 round trip – and for the Governor Harry W. Nice Memorial Bridge (US 301) – toll drops from $5.40 to $4.50 round trip.
-- Reduce two-axle toll rates on the ICC/MD200 and I-95 ETL for all pricing periods by $.03 per mile. This change reduces a two-axle, peak period trip from I-270/I-370 to US 1 on the ICC from $4.40 to $3.86 (E-ZPass), and a two-axle, peak period trip on the I-95 ETL from $1.75 to $1.54 (E-ZPass). Other ICC and I-95 ETL toll rates also will be reduced based on standard multipliers per axle.
-- Establish a 30% discount at the Hatem Bridge for three- and four-axle vehicles with E-ZPass Maryland – three-axle toll drops from $16 to $11.20, while four-axle toll drops from $24 to $16.80.
-- Increase E-ZPass Maryland supplemental rebate program for vehicles with five or more axles by 5 percentage points per trip level.