Chapter 7.28
LOCAL SUPPLEMENT TO STATE HOMEOWNER’S PROPERTY TAX CREDIT PROGRAM
Sections:
7.28.010 Definitions.
“Eligible homeowner” means a taxpayer within the City who has qualified for the State of Maryland homeowner’s tax credit program established pursuant to Section 9-104 of the Tax-Property Article of the Annotated Code of Maryland, as amended (hereinafter referred to as “State homeowner’s property tax credit”).
“Taxable year” means July 1st to June 30th, both inclusive, for which the City computes, imposes and collects real property tax.
“Total City of Takoma Park real property tax” means the sum of all City real property taxes for which an eligible homeowner has property tax liability for a taxable year, but does not include City special assessments and charges, such as for stormwater, refuse and the like, or interest and penalties on overdue real property taxes. (Prior code § 11A-7)
7.28.020 Amount.
A. A homeowner’s tax credit local supplement shall be allowed to eligible homeowners against the total City real property tax paid by the eligible homeowner for the taxable year in which the homeowner’s tax credit local supplement is sought.
B. The amount of the homeowner’s tax credit local supplement shall be equal to 50% of the eligible homeowner’s State homeowner’s property tax credit for the taxable year in which the homeowner’s tax credit local supplement is sought.
C. Notwithstanding the foregoing, the amount of the homeowner’s tax credit local supplement authorized by this section shall not exceed the total City real property tax paid by the eligible homeowner for the taxable year in which the homeowner’s tax credit local supplement is sought. (Ord. 2005-30 § 1, 2005/Ord. 2004-27 (part), 2004/prior code § 11A-8)
7.28.030 Eligibility.
A. In order to receive the homeowner’s tax credit local supplement, an eligible homeowner must:
1. Be included on a list of eligible homeowners provided to the City by the State Department of Assessments and Taxation; and
2. Have paid his or her total City real property tax for the taxable year in which the homeowner’s tax credit local supplement is sought.
B. Once the eligibility criteria established by subsection (A) of this section have been met, the City Manager or his or her designee shall deliver to or mail the eligible homeowner, by first-class mail directed to the address listed in the City of Takoma Park tax records for the homeowner or to such other address as the homeowner requests, a check for the amount of the homeowner’s tax credit local supplement. (Ord. 2004-27 (part), 2004/prior code § 11A-9)
7.28.040 Regulations.
The City Manager may promulgate regulations to carry out this homeowner’s tax credit local supplement program. (Ord. 2004-27 (part), 2004: prior code § 11A-10)