Ch. 12 LAWS OF MARYLAND

TAX RATE IS...... % HIGHER THAN THE CONSTANT YIELD TAX RATE AND

WILL GENERATE S...... IN ADDITIONAL PROPERTY TAX REVENUES.

A PUBLIC HEARING ON THE PROPOSED PROPERTY TAX INCREASE
WILL BE HELD AT...... (TIME) ON...... (DATE) AT...... (LOCATION).

THE HEARING IS OPEN TO THE PUBLIC, AND PUBLIC TESTIMONY IS
ENCOURAGED.

PERSONS WITH QUESTIONS REGARDING THIS HEARING MAY CALL
...... (PHONE NUMBER) FOR FURTHER INFORMATION. "

[(1) that the meeting is being held to hear comments regarding an increase
in the county or municipal corporation property tax rate that will make the rate exceed
the constant yield tax rate; and

(2) the day, time, and location of the meeting. ]

(i) (1) Annually, a county shall include on the FACE OF A property tax bill
[or mail with the property tax bill]:

(1) [information on] the COUNTY PROPERTY TAX RATE AND

THE constant yield tax rate for the taxable year; and

(ii) the amount, if any, by which the county property tax rate exceeds
the constant yield tax rate.

(2) [The information required in paragraph (1) of this subsection shall be]
A COUNTY SHALL ALSO MAIL WITH THE PROPERTY TAX BILL THE
INFORMATION described BELOW in substantially the following form:

"Constant Yield Tax Rate

L In the last taxable year the county (or Baltimore City) property tax rate
was...... and the certified assessment of the net assessable property was $...... The

assessment multiplied by the rate produced PROPERTY TAX revenues of $......

2. For this taxable year the certified assessment of the net assessable property
is S..... To produce the same revenuel PROPERTY TAX REVENUES as last year the
tax rate would be..... This rate is called the constant yield tax rate.

3. For this taxable year the actual property tax rate is...... which is (the same

as) (different from) the constant yield tax rate. (If different, the rate is..... (more) (less)

than the constant yield tax rate and will produce in [revenue] PROPERTY TAX
REVENUES S..... (more) (less) than would be produced by the constant yield tax

rate)".

8-103.

(a) (1) In this section the following words have the meanings indicated.

(2) ["Growth factor" means the percentage that results from dividing the
new statewide adjusted assessable base by the new statewide vame, with the result

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