Legislation Details

Reference No. CB-051-2009    Draft No. 1
Type: Council Bill Status: Enacted
Meeting Body County Council
Meeting Date 11/17/2009
Introduced Date 10/13/2009 Public Hearing Date
Effective date: 1/8/2010    
Title: An Act establishing the homestead property tax credit for the County property tax for the taxable year beginning July 1, 2010, as required by State Law.
Proposers/Sponsors: Thomas E. Dernoga, County Executive
Code sections: 10-241.02 -
Attachments: 1. ACTION SUMMARY S2009051, 2. B2009051.pdf
Contact: Jim Abernathy OMB
Title An Act establishing the homestead property tax credit for the County property tax for the taxable year beginning July 1, 2010, as required by State Law. Background This legislation will establish the homestead property tax credit for the County property tax for the taxable year beginning July 1, 2010, as required by State law. Based on recent changes in the Consumer Price Index (CPI), the homestead property tax credit percentage needs to be set at 100% for the taxable year beginning July 1, 2010. The homestead property tax credit was created to limit taxable assessment increases on a property owner’s principal residence.