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MARVIN MANDEL, Governor 3613
BY repealing and reenacting, with amendments,
Article 81 - Revenue and Taxes
Section 12F-1(b)(5)
Annotated Code of Maryland
(1975 Replacement Volume and 1976 Supplement)
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BY adding to
Article 81 - Revenue and Taxes
Section 12F-6
Annotated Code of Maryland
(1975 Replacement Volume and 1976 Supplement)
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Preamble
WHEREAS, Under the present system of property
assessment, whereby property is physically inspected for
reassessment once every three years, and re-evaluated in
office for reassessment in each of the other two years,
many homeowners are now faced with the financial hardships
of assessments which are increasing in a proportion far
greater than their incomes; and
WHEREAS, Many of these homeowners are on fixed
incomes and therefore may be forced to sell homes which
by reason of rapidly increasing assessments they can no
longer afford; and
WHEREAS, With the expiration this year of
eligibility for the benefits conferred by Section 32B of
Article 81, no relief presently exists for many
homeowners; now, therefore,
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That Section 12F-1 (b)(5) of Article 81 -
Revenue and Taxes, of the Annotated Code of Maryland
(1975 Replacement Volume and 1976 Supplement) be and it
is hereby repealed and reenacted, with amendments, to
read as follows:
Article 81 — Revenue and Taxes
(b) As used in this section, the following words
have the meanings specified;
(5) "Total real property taxes" means the
total of all real property taxes including State, county
of or Baltimore City, municipal and special districts for
which the homeowner has a real property tax liability on
the dwelling for the taxable year. The real property tax
liability shall be calculated on the assessed valuation
of the dwelling or $30,000 of assessed valuation,
whichever is less. All discounts for early payment and
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