Section 18-307 – Administrative Tax
(a) The tax required under this section applies to property in the regional district in Montgomery County and Prince George’s County. (b) The purpose of the tax required under this section is for paying the current operating or administrative expenses of the Commission, including the cost of: (1) the development of any part of the plan of the […]
Section 18-308 – Advance Land Acquisition Revolving Funds Tax
(a) (1) The Montgomery County Council shall impose against all of the property assessed for the purposes of county taxation an annual tax of: (i) not less than 0.4 cents or more than 1.2 cents on each $100 of assessed valuation of real property; and (ii) not less than 1 cent or more than 3 cents on each $100 […]
Section 18-309 – Payment in Lieu of Property Taxes Agreement — Facility for Generation of Electricity in Prince George’s County
(a) (1) Subject to subsection (b) of this section, the Commission may enter into an agreement with the owner of a facility for the generation of electricity that locates in Prince George’s County for a negotiated payment by the owner in lieu of taxes imposed on real or personal property of the facility under this subtitle. (2) An […]
Section 18-310 – Prince George’s County — Extraordinary Development Districts
The Commission may not enter into an agreement with Prince George’s County to pay all or a portion of the property taxes levied by the county under §§ 18–304, 18–306, and 18–307 of this subtitle on the tax increment in an extraordinary development district in the county to the county for deposit into a special […]
Section 18-304 – Park Taxes
(a) (1) The tax required under this subsection: (i) applies to property in the metropolitan district in Montgomery County; and (ii) shall be imposed whether any bonds have been issued under this title or whether interest is due on any bonds issued under this title. (2) Each year, Montgomery County shall impose on each $100 of assessed valuation of: (i) real […]
Section 18-305 – Montgomery County Bond Tax
(a) Whenever bonds that the Commission issues under Subtitle 2 of this title for acquisition of property in Montgomery County are sold, the Commission shall promptly certify to the county the amount of bonds issued, the rate of interest, and the maturities. (b) The revenue from the tax under this section shall be the primary source of […]
Section 18-306 – Recreation Tax for Prince George’s County
(a) The tax required under this section applies to property in Prince George’s County. (b) Each fiscal year, Prince George’s County shall impose on each $100 of assessed valuation of: (1) real property, a tax for recreation of at least 2 cents; and (2) personal property and operating real property described in § 8–109(c) of the Tax – Property […]
Section 18-301 – Construction of Subtitle
Any provision of this subtitle or this division that provides that a tax imposed for the Commission shall be imposed and collected as county taxes are imposed and collected, have the same priority rights, bear the same interest and penalties, and in any other respect be treated the same as a county tax: (1) applies only […]
Section 18-302 – Imposition of Taxes on Property Assessed for County Taxation
The taxes imposed under this subtitle shall be imposed on property assessed for the purpose of county taxation.
Section 18-303 – Exemption From Limitations for Prince George’s County
Notwithstanding any provision of charter or law, the taxes authorized under this subtitle are not subject to any limitation on the tax rate or tax revenues of Prince George’s County.