146

LAWS OF MARYLAND

Ch. 8

(F)  DATE OF MEETING.

(1)  THE MEETING ON THE PROPOSED COUNTY OR MUNICIPAL
CORPORATION PROPERTY TAX RATE INCREASE SHALL BE HELD:

(I)  ON OR AFTER THE 5TH DAY AND ON OR BEFORE
THE 15TH DAY AFTER THE NOTICE IS PUBLISHED AS REQUIRED BY
SUBSECTION (C) OF THIS SECTION; AND

(II)  ON OR BEFORE THE 14TH DAY BEFORE THE DATE
REQUIRED BY LAW FOR THE IMPOSITION OF THE PROPERTY TAX.

(2)  THE MEETING MAY COINCIDE WITH THE MEETING ON THE
PROPOSED BUDGET OF THE TAXING AUTHORITY.

(G)  ADOPTION OF TAX RATE.

AFTER THE MEETING, THE TAXING AUTHORITY MAY ADOPT BY LAW AN
INCREASE IN THE COUNTY OR MUNICIPAL CORPORATION PROPERTY TAX RATE
THAT EXCEEDS THE CONSTANT YIELD TAX RATE:

(1)  ON THE DAY OF THE MEETING; OR

(2)  ON A LATER DAY, IF THE DAY, TIME, AND LOCATION TO
CONSIDER THE INCREASE ARE ANNOUNCED AT THAT MEETING.

(H) SCOPE OF SECTION.

THE NOTICE REQUIREMENTS OF THIS SECTION DO NOT APPLY IF A
TAXING AUTHORITY:

(1)  INCREASES THE COUNTY OR MUNICIPAL CORPORATION
PROPERTY TAX RATE ABOVE THE CONSTANT YIELD TAX RATE SOLELY
BECAUSE OF A REDUCTION IN THE TAXING AUTHORITY'S ASSESSABLE BASE
DUE TO A FINAL DETERMINATION OF AN ASSESSMENT APPEAL; OR

(2)  SETS A COUNTY OR MUNICIPAL CORPORATION PROPERTY
TAX RATE THAT DOES NOT EXCEED THE CONSTANT YIELD TAX RATE.

(I) INFORMATION WITH TAX BILL.

(1)  ANNUALLY, A COUNTY SHALL INCLUDE ON THE PROPERTY
TAX BILL OR MAIL WITH THE PROPERTY TAX BILL:

(I)  INFORMATION ON THE CONSTANT YIELD TAX RATE
FOR THE TAXABLE YEAR; AND

(II)  THE AMOUNT, IF ANY, BY WHICH THE COUNTY
PROPERTY TAX RATE EXCEEDS THE CONSTANT YIELD TAX RATE.

(2)  THE INFORMATION REQUIRED IN PARAGRAPH (1) OF THIS
SUBSECTION SHALL BE DESCRIBED IN SUBSTANTIALLY THE FOLLOWING
FORM: