[Adopted 11-19-1990 by
HB No. 7-90; amended 9-8-2008 by
HO-2008-07]
A.
Pursuant to 9-105(E) of the Tax-Property Article of the Annotated
Code of Maryland, the Homestead Property Tax Credit percentage for
the City of Hyattsville, effective for the taxable year beginning
July 1, 1991, and subsequent years shall be 110%.
B.
The Homestead Property Tax Credit program shall be implemented and
administered by the Treasurer in accordance with the provisions of
state law and rules and regulations established by the State Department
of Assessments and Taxation.
A.
Tax credit. A homeowner's property tax credit shall be allowed
against the City property tax imposed on residential real property
if the owner qualifies for the credit under this article.
B.
ASSESSED VALUE
DIRECTOR
FINAL TAX LIABILITY
SECTION 9-104
TAXABLE YEAR
TOTAL ELIGIBLE CITY REAL PROPERTY TAX
Definitions. Except as otherwise provided herein, the terms used
in this article shall have the same meaning as set forth in Section
9-104 of the Tax-Property Article of the Annotated Code of Maryland.
The adjusted value to which the property tax is applied.
The Treasurer for the City of Hyattsville or his or her designee.
The tax liability for any property tax on the property of
a dwelling less any property tax credit provided under Section 9-104
of the Tax-Property Article and any supplemental homeowners property
tax credit provided under this section and any property tax credit
provided by Prince George's County.
Section 9-104 of the Tax-Property Article of the Annotated
Code of Maryland or any successor provision.
July 1 to June 30, both inclusive, for which the City computes,
imposes and collects real property tax.
The sum of all City real property tax rates used to calculate
the property tax liability for a homeowner for a taxable year, excluding
property tax rates in special taxing districts, and excluding City
special assessments and charges, such as for stormwater, refuse and
the like, or interest and penalties on overdue real property taxes,
multiplied by the lesser of:
C.
General.
(1)
The Director shall provide to eligible homeowners a City property
tax credit as provided in this article to supplement the State homeowner's
property tax credit granted under Section 9-104.
(2)
Except as otherwise expressly stated in this section, all eligibility
requirements, statutory definitions, restrictions, application or
other procedures which apply to the credit granted under Section 9-104
of the Tax-Property Article also apply to the City homeowner's
property tax credit provided for in this article.
(3)
A property tax credit under this section may not be granted to a
homeowner whose combined net worth exceeds $200,000 as of December
31st of the calendar year that precedes the year in which the homeowner
applies for the property tax credit, or whose combined gross income
exceeds $80,000 in that same calendar year.
D.
Amount.
(1)
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 homeowners
tax credit supplement is sought in the amount provided for herein.
(2)
The amount of the homeowner's property tax credit is the Total
Eligible City Real Property Tax on a dwelling less:
(3)
The property tax credit for home purchasers is the amount of the
credit as calculated under paragraph (D)(2) immediately above multiplied
by a fraction where the numerator of the fraction is the number of
days in the taxable year that the home purchaser actually occupies
or expects to actually occupy a dwelling in which the home purchaser
has a legal interest and the denominator is 365 days.
(4)
If a credit is granted under this section, a revised tax bill or
a tax voucher may be used to adjust the final tax liability.
(5)
Notwithstanding the foregoing, the amount of the homeowner's
tax credit local supplement authorized by this article shall not exceed
the total City real property tax liability of the eligible homeowner
for the taxable year in which the homeowner's tax credit local
supplement is sought.
E.
Administration. The City Administrator is responsible for the administration
and management of the Homeowners Property Tax Credit program. The
City Administrator may take all actions necessary in furtherance of
said responsibility including, but not limited to:
(1)
Establishing policies and procedures;
(2)
Delegating responsibility to appropriate City departments, offices
and staff;
(3)
Entering into agreements with the State Department of Assessments
and Taxation, Prince George's County, Maryland and other governmental
entities or other persons or entities for the cooperation and/or maintenance
of one or more aspects of the Homeowners Property Tax Credit program.
F.
Penalties for false and fraudulent information. A person who knowingly
submits a false or fraudulent application, or withholds information,
to obtain tax credit under this section has committed a misdemeanor.
In addition, the person must repay the City for all amounts credited
and all accrued interest and penalties that would apply to those amounts
as overdue taxes. The City may enforce this subsection by appropriate
legal action. A person who violates this subsection is liable for
all court costs and expenses of the City in any civil action brought
by the City against the violator.
[Amended 9-21-2020 by Ord. No. 2020-05]
A.
Purpose. The purpose of the City's Revitalization Tax Credit
Program is to provide financial incentives to encourage economic development
and redevelopment in the City by creating revitalization districts.
B.
Authority to establish revitalization tax credit districts. The City
Council may establish one or more revitalization tax credit districts.
A revitalization tax credit district may be established within an
existing development district overlay zone, transit district overlay
zone or State of Maryland designated arts and entertainment districts.
C.
Revitalization tax districts established. The following districts
are established:
(1)
Prince George's Plaza Transit District Overlay Zone: real property
located within the municipal limits of the City of Hyattsville and
within the Prince George's Plaza Transit District; development
plan as illustrated immediately below:
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(2)
West Hyattsville Transit District Overlay Zone: real property located
within the municipal limits of the City of Hyattsville and within
the West Hyattsville Transit District Development Plan as illustrated
immediately below:
|
(3)
Gateway Arts District Arts and Entertainment District: real property
located within the municipal limits of the City of Hyattsville and
within the State of Maryland Designated Gateway Arts and Entertainment
District as illustrated immediately below:
|
D.
Authority to grant a tax credit for real property located in a revitalization
tax credit district. In conformance with the limitations and eligibility
criteria established in this section, the City Council may, by resolution,
grant, in its reasonable discretion, a property tax credit against
the City's real property tax imposed on real property located
within a revitalization district if the property is substantially
improved, constructed upon or redeveloped and is reassessed as a result
of the improvement, construction or redevelopment at a substantially
higher value than that assessed prior to the improvement, construction,
or redevelopment. The City's discretion to grant a property tax
credit under this section extends to the production of affordable
housing units for individuals and families whose taxable income computes
to 60% of the area median income ("AMI"). The City Council may set
a deadline as appropriate for the proposed improvement, construction,
redevelopment, or production of affordable housing units to commence
construction, or completion date, or other conditions as applicable
to the particular improvement, construction, redevelopment, or production.
E.
Tax credit limitations.
(1)
An eligible property that is not dedicated to the production of affordable
housing units may receive a tax credit on all or part of those City
real property taxes imposed on the property, but only those real property
taxes which are attributable to or based on the increased assessment
resulting from the taxable improvements, construction or reconstruction
upon project completion. The duration of the tax credit granted shall
not exceed 10 years.
(2)
An eligible property that is dedicated to the production of affordable
housing units for individuals and families whose taxable income constitutes
60% of AMI may receive a tax credit of:
(a)
Up to 100% on total assessed value for no more than 10 years
for projects that are new construction and rehabilitate thirteen plus
(13+) units with net new affordable unit production of greater than
15%;
(b)
Up to 100% on total assessed value for no more than 15 years
for projects that are new construction and rehabilitate twenty plus
(20+) units with net new affordable unit production of greater than
20%; or
(c)
Up to 50% for rehabilitation projects that maintain the existing
inventory of affordable units (by project) for no more than 10 years.
(3)
Properties receiving waivers for public safety or school facility
surcharges shall be ineligible for a tax credit.
(4)
Properties that receive a tax credit in connection with the production
of affordable housing units shall remain affordable for 30 years.
F.
Eligibility requirements. To be eligible for the tax credit, a property
must meet the following eligibility requirements:
(1)
Improvements must include new construction, reconstruction, infill
development, redevelopment, revitalization, rehabilitation, or production
of residential (excluding single-family detached), commercial, hospitality,
office, existing parking lots, affordable housing units for individuals
or families, or mixed-use properties.
(2)
The applicant must be in good standing with the City. In order to
be in good standing, applicants may not have any outstanding Code
violations from any governmental entities or be delinquent on any
payments, including, but not limited to, trash bills or permit fees
payable to a federal, state, or county entity or the City.
(3)
Projects are ineligible for this program if they are located within
a tax increment financing district at the time of application.
(4)
The project is consistent with mission and goals of the City and
of sufficient impact and benefit to the City and its citizens to justify
extending a tax credit.
G.
Application process.
(1)
An application for a City tax credit shall be submitted to the City
during the planning phase of the project and in no event later than
the submission of a building permit application to Prince George's
County.
(2)
The application shall demonstrate that all eligibility requirements
have been or will be met and shall include the estimated value of
the completed improvements and any additional information requested
by the City as well as the amount of the tax credit sought. All plans
associated with the detailed site plan or building permit shall be
submitted with the application, if applicable, including a legal description
of the property.
(3)
The fee for submitting an application shall be $1,000.
(4)
Upon receipt and acceptance of a completed application, the City's
Community and Economic Development Department will refer a copy of
the application to the City Administrator. City staff will provide
a recommendation to the City Council as to whether to grant within
60 days of the receipt of the completed application.
(5)
Upon providing such recommendation, the City shall promptly hold
a public hearing on the project and the staff recommendations prior
to introducing any resolution regarding the revitalization tax credit
for the proposed project.
H.
City Council resolution. A City Council resolution approving and
providing the tax credit awarded must be passed by the Council stating
the amounts and terms. The tax credit shall not be effective until
the submission to the City of evidence of compliance with any City
agreement, contingency, condition or required certifications and such
other information or documentation as the City staff may reasonably
require. Upon the City's examination of the evidence of compliance
submitted on behalf of the project, the City will issue a certificate
to the property owner that confirms the parcel's tax credit status.
The credit may be in the form of a rebate of taxes or a decreased
tax rate, at the City's discretion.
