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3616 LAWS OF MARYLAND Ch. 959
FOR CONSIDERATION TO NEW OWNERSHIP DURING THE PREVIOUS
CALENDAR YEAR;
(2) THERE HAS NOT BEEN A CHANGE IN THE
ZONING CLASSIFICATION OF THE PROPERTY DURING THE PREVIOUS
CALENDAR YEAR, RESULTING IN AN INCREASED VALUE OF THE
PROPERTY;
(3) A SUBSTANTIAL CHANGE HAS NOT OCCURRED IN
THE USE OF THE PROPERTY DURING THE PREVIOUS CALENDAR
YEAR;
(4) EXTENSIVE IMPROVEMENTS HAVE NOT BEEN
MADE ON THE EXISTING PROPERTY DURING THE PREVIOUS
CALENDAR YEAR; AND
(5} THE ASSESSMENT FOR THE PREVIOUS TAXABLE
YEAR WAS NOT CLEARLY ERRONEOUS DUE TO AN ERROR IN
CALCULATION OR MEASUREMENT OF IMPROVEMENTS ON THE
PROPERTY.
(D) SUBJECT TO THE PROVISIONS OF PARAGRAPH (B) OF
THIS SECTION, FOR THE 1977-1978 TAXABLE YEAR THE AMOUNT
OF THE TAX CREDIT SHALL BE CALCULATED ON THE AMOUNT BY
WHICH THE ASSESSMENT OF THE DWELLING AS OF JANUARY 1,
1977 EXCEEDS THE ASSESSMENT OF THE DWELLING AS OF JANUARY
1, 1976 MULTIPLIED BY 115 PERCENT AND MULTIPLIED BY THE
APPLICABLE COUNTY, BALTIMORE CITY OR MUNICIPAL TAX RATE
FOR THAT TAXABLE YEAR.
(E) SUBJECT TO THE PROVISIONS OF PARAGRAPH (B) OF
THIS SECTION, FOR THE 1978-1979 TAXABLE YEAR, THE AMOUNT
OF THE TAX CREDIT SHALL BE CALCULATED ON THE AMOUNT BY
WHICH THE ASSESSMENT OF THE DWELLING AS OF JANUARY 1,
1978 EXCEEDS THE ASSESSMENT OF THE DWELLING AS OF JANUARY
1, 1977, OR THE ASSESSMENT OF THE DWELLING AS OF JANUARY
1, 1976 MULTIPLIED BY 115 PERCENT, WHICHEVER IS LESS,
MULTIPLIED BY 115 PERCENT AND MULTIPLIED BY THE
APPLICABLE COUNTY, BALTIMORE CITY OR MUNICIPAL TAX RATE
FOR THAT TAXABLE YEAR.
(F) THE COUNTY, BALTIMORE CITY OR ANY INCORPORATED
MUNICIPALITY MAY INCLUDE THE TAX CREDIT IN CALCULATING
THE PROPERTY TAX BILL FOR THE TAXABLE YEAR. IF THE
CREDIT IS NOT INCLUDED ON THE TAX BILL THE HOMEOWNER MAY
SUBMIT AN APPLICATION TO THE COUNTY, BALTIMORE CITY OR
ANY INCORPORATED MUNICIPALITY REQUESTING THAI CREDIT BE
GRANTED ON THE TAX BILL OR THAT THE AMOUNT OF THE CREDIT
BE REFUNDED TO THE HOMEOWNER IF THE FULL TAX LIABILITY
HAS BEEN PAID.
(G) ALL DISCOUNTS FOR EARLY PAYMENT AND ALL
INTEREST AND PENALTIES FOR FAILURE TO PAY TAXES ON OR
BEFORE OCTOBER 1 OF THE TAXABLE YEAR SHALL BE CALCULATED
ON THE PROPERTY TAX LIABILITY OF THE DWELLING AFTER THE
CREDIT AS PROVIDED IN THIS SECTION.
(H) THE AMOUNT OF TAX CREDIT RECEIVED UNDER THE
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