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Ch. 536 2005 LAWS OF MARYLAND
(i) may not be less than 100% or exceed 110% for any taxable year;
and
(ii) shall be expressed in increments of 1 percentage point.
(6) The Mayor and City Council of Baltimore City and the governing
body of a county shall notify the Department of any action taken under paragraph (3)
of this subsection on or before November 15 preceding the taxable year for which the
action is taken.
(7) A municipal corporation shall notify the Department of any action
taken under paragraph (4) of this subsection on or before November 25 preceding the
taxable year for which the action is taken.
(f) The Department shall give notice of the possible property tax credit under
this section.
(g) A homeowner who meets the requirements of this section shall be granted
the property tax credit under this section against the State, county, and municipal
corporation property tax imposed on the real property of the dwelling.
(h) The tax credit under this section shall be included on the homeowner's
property tax bill.
(i) (1) When property that has received a credit under this section for the
current taxable year includes improvements that are removed from the assessment
roll under § 10-304 of this article because of damage due to an accident or a natural
disaster:
(i) the full benefit of the property tax abatement under § 10-304 of
this article may not be diminished by the amount of the credit;
(ii) the full benefit of that credit may not be diminished by the
property tax abatement under § 10-304 of this article and shall be reflected in the
assessment of the total property, including any new improvements, for the current
taxable year; and
(iii) the property shall be eligible to receive a credit under this
section for the current taxable year and the two succeeding taxable years regardless
of the existence or condition of the dwelling.
(2) Neither the calculation of the abatement nor the assessment under
this subsection shall include an assessment less than zero.
9-109.
(J) (A) (1) THE STATE AND THE MAYOR AND CITY COUNCIL OF
BALTIMORE CITY AND THE GOVERNING BODY OF EACH COUNTY AND OF EACH
MUNICIPAL CORPORATION SHALL MAY SHALL GRANT AN ADDITIONAL A PROPERTY
TAX CREDIT AS DESCRIBED IN THIS SUBSECTION, UNDER THIS SECTION AGAINST
THE COUNTY OR MUNICIPAL CORPORATION PROPERTY TAX IMPOSED ON REAL
PROPERTY IF:
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