5376

COUNTY LOCAL LAWS

property between the parties. The total amount of any
tax credit shall be included in the amount of ordinary
taxes which were paid by the seller of the property and
which are adjusted at the time of settlement for the
property between the seller and the purchaser. The
seller of the property shall receive credit only for that
proportion of the tax credit which his period of
ownership of the property during the taxable year in
which the transfer occurs bears to the entire taxable
year. The remaining portion of the tax credit shall be
paid by the seller to the Director of Finance and shall
be deposited into general funds of the County.

(e)    Only one tax credit as provided herein shall
be allowed annually on any given parcel of property. Any
person seeking such credit shall annually make
application therefor to the Director of Finance or his
designated agent. The applicant shall furnish such
information and in such form as shall be required by the
Director of Finance. The application shall be
accompanied by an affidavit of the applicant certifying
to the truth of the contents thereof. The application
shall be submitted to the Director on or before September
1 of the taxable year for which application for tax
credit is made; provided however if application is not
made on or before September 1 of the taxable year, the
credit shall not be allowed.

After receipt and review of the application for tax
credit as provided hereunder, the Director of Finance
shall either approve or disapprove the application and
shall, within thirty (30) days thereafter, notify the
applicant in writing of such decision.

Any person aggrieved by the decision of the Director
of Finance shall have the right to appeal to the Property
Tax Assessment Appeal Board for Montgomery County, which
appeal shall be in writing and shall contain a statement
of the contention of the aggrieved person. No demand for
a hearing shall be granted in a matter arising hereunder
unless such demand is filed with the Property Tax
Assessment Appeal Board within thirty (30) days from the
date of the notice of decision by the Director of
Finance. if a hearing is conducted, proceedings shall be
informal and any interested party shall have the right to
submit oral or written testimony or documentary evidence
without regard to technical rules of evidence.

(f)    The term "homeowner" means every person who
actually resides in a dwelling in which such person has a
legal interest, including any life estate, whether as
sole owner, joint tenant, tenant in common or tenant by
the entireties.