Title
AN ACT CONCERNING VACANT REAL PROPERTIES TAX RATE for the purpose of establishing a real property tax rate for real properties consisting of vacant houses/buildings or improved property cited as vacant and unfit for habitation or other authorized use on a housing or building violation notice; specifying the use of the proceeds from the aforementioned tax; and generally relating to property tax on vacant real properties.
Body
FOR USE BY COUNCIL ADMINISTRATION:
Confidential: Yes
Requested by: Krystal Oriadha
Assigned to: Josh Hamlin
Legislastion Type: Bill
Need by Date: ASAP
Background Necessitating Legislation:
AN ACT concerning Vacant Real Properties Tax Rate for the purpose of establishing a real property tax rate for real properties consisting of vacant houses/buildings or improved property cited as vacant and unfit for habitation or other authorized use on a housing or building violation notice; specifying the use of the proceeds from the aforementioned tax; and generally relating to property tax on vacant real properties.
Special Instructions/Concerns/Time Critical Information:
Agencies or Individuals to Contact:
Please assign to Josh Hamlin
Comments/Notes:
AN ACT concerning Vacant Real Properties Tax Rate for the purpose of establishing a real property tax rate for real properties consisting of vacant houses/buildings or improved property cited as vacant and unfit for habitation or other authorized use on a housing or building violation notice; specifying the use of the proceeds from the aforementioned tax; and generally relating to property tax on vacant real properties.
DRAFTER PLEASE COMPLETE THE FOLLOWING:
Proposer(s):
Background
This bill will set the rate for the class of real property established by CB-080-2024; specifically, for vacant houses/buildings or improved property cited as vacant and unfit for habitation or other authorized use. The rate will be five (5) times the regular rate levied for State and County purposes for the year. The bill will limit the use of proceeds from the additional rate to funding the approved budget for the Prince George’s County Board of Education, and will be deposited in a nonlapsing account, with specific uses to be determined by Council resolution.