Title:
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AN ACT concerning Property Tax - Installment Payment Schedule For the purpose of establishing an installment payment schedule for County, municipal, and special taxing district property taxes due on owner-occupied residential property owned by a homeowner if the homeowner is at least 62 years old and the property is not subject to a deed of trust, mortgage, or other encumbrance; providing for election of an installment payment schedule; providing for the due date of each payment installment; and generally relating to a property tax installment payment schedule.
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Code sections:
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10-198 - through 10-200 Reserved
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Title
AN ACT concerning Property Tax - Installment Payment Schedule For the purpose of establishing an installment payment schedule for County, municipal, and special taxing district property taxes due on owner-occupied residential property owned by a homeowner if the homeowner is at least 62 years old and the property is not subject to a deed of trust, mortgage, or other encumbrance; providing for election of an installment payment schedule; providing for the due date of each payment installment; and generally relating to a property tax installment payment schedule.
Background
This bill was authorized by the Maryland General Assembly during the 2012 Legislative Session. The bill creates a four payment installment payment schedule for County, municipal, and special taxing district property taxes due on owner-occupied residential property owned by a homeowner if the homeowner is at least 62 years old and the property is not subject to a deed of trust, mortgage, or other encumbrance.
THIS BILL WAS NOT ENACTED.