§ 9-243. Dwellings damaged by natural disasters
West's Annotated Code of MarylandTax-Property
MD Code, Tax - Property, § 9-243
§ 9-243. Dwellings damaged by natural disasters
(a) Subject to subsection (b) of this section, the Mayor and City Council of Baltimore City or the governing body of a county or of a municipal corporation may grant a tax credit under this section against the county or municipal corporation property tax imposed on real property if:
(b) A homeowner may receive a tax credit under this section only if the homeowner qualified and received a tax credit under § 9-109 of this title and is no longer receiving a tax credit under § 9-109 of this title.
(c) The amount of the property tax credit allowed under this section shall equal 50% of the property tax attributable to an increase in the assessment of the dwelling on revaluation under § 8-104(c)(1)(iii) of this article, including improvements, over the last assessment of the dwelling before the natural disaster, less the amount of any assessment on which a property tax credit under § 9-105 of this title has been authorized.
(e) The Mayor and City Council of Baltimore City or the governing body of a county or municipal corporation may:
Credits
Added by Acts 2006, c. 89, § 1, eff. June 1, 2006.
MD Code, Tax - Property, § 9-243, MD TAX PROPERTY § 9-243
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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