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Charles County, MD
 
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Table of Contents
Table of Contents
Code
New Laws (11) Index
[Adopted 6-24-2015 by Bill No. 2015-06]
[Amended 5-10-2016 by Bill No. 2016-03]
A. 
Except as otherwise specifically stated, the terms and phrases in this article have the same meanings as in Title 13 of the Tax-Property Article of the Annotated Code of Maryland.
B. 
Department, as used in this article, means the Maryland State Department of Assessments and Taxation.
A County transfer tax shall be imposed on an instrument of writing recorded with the Clerk of the Circuit Court for Charles County or filed with the State Department of Assessments and Taxation.
The rate of the transfer tax is 0.5% of the consideration payable for the instrument of writing. The consideration includes the amount of any mortgage or deed of trust assumed by the grantee in accordance with § 13-412 of the Tax-Property Article of the Annotated Code of Maryland.
The consideration payable shall be described in:
A. 
The recitals or the acknowledgment of the instrument of writing; or
B. 
A statement under oath that accompanies the instrument of writing and that is signed by a party to the instrument of writing or by an agent of a party.
The calculation of the transfer tax shall be determined in the same manner as provided by § 13-205 of the Tax-Property Article, Annotated Code of Maryland.
[Amended 5-10-2016 by Bill No. 2016-03]
The transfer tax does not apply to all mandatory exemptions provided in Subtitle 4, Title 13, of the Tax-Property Article, Annotated Code of Maryland, as amended from time to time.
A. 
The transfer tax shall be paid to the Treasurer for Charles County, Maryland, or to the Department if the instrument of writing is filed with the Department.
[Amended 5-10-2016 by Bill No. 2016-03]
B. 
An instrument of writing subject to the transfer tax may not be recorded unless a statement is attached to or stamped on the instrument of writing that indicates:
(1) 
That the transfer tax has been paid.
(2) 
The amount of transfer tax paid.
C. 
The presence of the statement required by Subsection B of this section on an instrument of writing is prima facie evidence of payment of transfer tax.
[Amended 5-10-2016 by Bill No. 2016-03]
The revenue from the transfer tax shall be deposited into the County general fund.
The transfer tax is subject to the provisions of Subtitle 4, Title 13, of the Tax-Property Article of the Annotated Code of Maryland, as amended from time to time.