Legislation Details

Reference No. CB-069-2018    Draft No. 1
Type: Council Bill Status: Enacted
Meeting Body County Council
Meeting Date 10/23/2018
Introduced Date 9/25/2018 Public Hearing Date 10/23/2018 @ 10:00 a.m.
Effective date: 12/31/2018    
Title: AN ACT CONCERNING HOMESTEAD PROPERTY TAX CREDIT for the purpose of establishing the homestead property tax credit for the County property tax for the taxable year beginning July 1, 2019.
Proposers/Sponsors: County Executive, Dannielle M. Glaros, Andrea C. Harrison, Derrick Leon Davis, Todd M. Turner, Deni L. Taveras
Code sections: 10-241.02 -
Attachments: 1. B2018069, 2. CB-069-2018 AIS, 3. CB-69-2018 Report, 4. CB-69-2018 Transmittal, 5. CB-69-2018 Legislative Comment, 6. CB-69-2018 Fiscal Impact
Contact: Kassandra Esposito Blissett, Office of Management and Budget

Title

AN ACT CONCERNING HOMESTEAD PROPERTY TAX CREDIT for the purpose of establishing the homestead property tax credit for the County property tax for the taxable year beginning July 1, 2019.

 

Background

This legislation will establish the homestead property tax credit for the County property tax for the taxable year beginning July 1, 2019, as required by State law.  Based on current Consumer Price Index (CPI) trends, the Homestead Property Tax Credit needs to be set at 103% for the taxable year beginning July 1, 2019.  The Homestead Property Tax Credit was created to limit taxable assessment increases on a property owner’s principal residence.