City of Taneytown, MD
Carroll County
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Table of Contents
Table of Contents
[HISTORY: Adopted by the Mayor and Council of the City of Taneytown as indicated in article histories. Amendments noted where applicable.]
[Adopted 4-10-1995 by Ord. No. 10-95 (Title 2, Ch. 3, Art. A, Sec. 2-3-3 of the 1980 Code)]
A. 
In addition to interest provided pursuant to the Charter of the city, a penalty for overdue taxes not paid by October 1 or, in the case of half-year assessments, by March 1 in the amount of 1 1/3% for each month or fraction thereof shall be imposed and collected.
B. 
In addition to the penalty provided in this section, for all taxes overdue and in arrears, including any interest and penalties as hereinabove set forth, on or after March 1 of each year following the year in which taxes are levied, or September 1 in the case of half-year assessments, there shall be charged an additional 25% of the entire outstanding amount overdue, both taxes, interest and penalties, which is imposed as a collection penalty.
[Adopted 12-8-1997 by Ord. No. 4-97 (Title 2, Ch. 3, Art. A, Sec. 2-3-4 of the 1980 Code)]
Pursuant to the authorization contained in § 9-229 of the Tax Property Article of the Annotated Code of Maryland, the City of Taneytown, Maryland, elects to participate in the Brownfields Revitalization Incentive Program established under Title 3, Subtitle 9 of Article 83A of the Annotated Code of Maryland and to provide a brownfields property tax credit for the taxable year July 1, 1998.
There is a City of Taneytown brownfields property tax credit against the tax on real property of a qualified brownfields site, as defined in § 3-901(d) of Article 83A of the Annotated Code of Maryland, in an amount equal to 70% of the property tax attributable to the increase in the assessment of the qualified brownfields site, including improvements added to the site before the voluntary cleanup or corrective action plan.
A. 
The credit shall apply in each of the five taxable years immediately following the first revaluation of the property after completion of a voluntary cleanup or corrective action plan of a qualified brownfields site.
B. 
The credit is subject to the requirements and limitations set forth in § 9-229 of the Tax-Property Article of the Annotated Code of Maryland.
Pursuant to the requirement contained in § 9-229(e) of the Tax-Property Article of the Annotated Code of Maryland, for each year of the credit period, the City of Taneytown shall contribute to the Brownfields Revitalization Incentive Fund under § 3-904 of Article 83A of the Annotated Code of Maryland an amount equal to 30% of the property tax attributable to the increase in the assessment of the qualified brownfields site during the credit period over the assessment of the qualified brownfields site before the voluntary cleanup or corrective action plan.