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ROBERT L. EHRLICH, JR., Governor Ch. 291
(2) MEETS THE INCOME AND AGE ELIGIBILITY REQUIREMENTS
DETERMINED UNDER SUBSECTION (C) OF THIS SECTION.
(C) IF THE GOVERNING BODY OF CHARLES COUNTY AUTHORIZES A PAYMENT
DEFERRAL UNDER THIS SECTION, THE GOVERNING BODY SHALL SPECIFY:
(1) THE MINIMUM AGE OF AN OWNER TO DETERMINE ELIGIBILITY FOR
THE PAYMENT DEFERRAL;
(2) THE AMOUNT OF THE TAX THAT MAY BE DEFERRED, NOT
EXCEEDING THE INCREASE IN THE COUNTY PROPERTY TAX FROM THE DATE THE
TAXPAYER ELECTS TO DEFER THE PAYMENT OF THE TAX;
(3) THE DURATION OF THE PAYMENT DEFERRAL UNDER SUBSECTION
(A) OF THIS SECTION:
(3) (4) RESTRICTIONS ON THE AMOUNT OF THE REAL PROPERTY
ELIGIBLE FOR A PAYMENT DEFERRAL, EXCEPT THAT THE AMOUNT OF ELIGIBLE
PROPERTY MAY NOT BE LESS THAN THE DWELLING AND CURTILAGE, AS
DETERMINED BY THE SUPERVISOR;
(4) (5) THE RATE OF INTEREST TO BE PAID ON THE COUNTY
PROPERTY TAX PAYMENT FROM THE DUE DATE WITHOUT A DEFERRAL UNTIL THE
DATE THAT THE COUNTY PROPERTY TAX IS PAID;
(5) (6) THAT ANY MORTGAGEE OR BENEFICIARY UNDER A DEED OF
TRUST BE ENTITLED TO RECEIVE NOTICE OF THE DEFERRAL AND OF THE AMOUNT
OF TAX TO BE DEFERRED; AND
(6) (7) THE LEVEL OF INCOME TO DETERMINE ELIGIBILITY FOR THE
PAYMENT DEFERRAL.
(D) THE COUNTY PROPERTY TAX THAT IS DEFERRED UNDER THIS SECTION
AND ANY INTEREST SPECIFIED IN SUBSECTION (C)(4) (C)(5) OF THIS SECTION ARE
DUE:
(1) WHEN THE ELIGIBLE OWNER DIES; OR
(2) IMMEDIATELY UPON TRANSFER OF OWNERSHIP OF THE PROPERTY
FOR WHICH THE PROPERTY TAX HAS BEEN DEFERRED.
(E) THE GOVERNING BODY OF CHARLES COUNTY MAY PROVIDE, BY LAW, FOR
THE APPLICABILITY OF A TAX DEFERRAL UNDER THIS SECTION TO TAXABLE YEARS
PRIOR TO THE DATE OF THE HOMEOWNER'S APPLICATION FOR THE TAX DEFERRAL
IF THE HOMEOWNER MET THE REQUIREMENTS FOR ELIGIBILITY FOR THE TAX
DEFERRAL IN THE PRIOR TAXABLE YEARS.
(F) (E) THE GOVERNING BODY OF CHARLES COUNTY SHALL SPECIFY THE
CUMULATIVE AMOUNT OF THE DEFERRAL AND RELATED INTEREST IN THE
TAXPAYER'S ANNUAL PROPERTY TAX BILL.
(G) (F) (1) A LIEN SHALL ATTACH TO THE PROPERTY IN THE AMOUNT OF
ALL DEFERRED TAXES AND INTEREST.
- 1651 -
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