Ch. 399
LAWS OF MARYLAND
(3) Subsection (b) does not apply in Anne Arundel,
Baltimore, Carroll, or Frederick, OR WASHINGTON counties to any
deed transferring property to the county when the controller or
treasurer of the county has certified that the conveyance does
not impair the security for any public taxes, assessments, and
charges due on the remaining property of the grantor.
(4) (i) Property may be transferred on the assessment
books or records in July, August, or September if instead of
paying the taxes required under subsection (b)(1) of this section
on a property transfer by assumption, a lender or the attorney
handling the transfer of title files with the county treasurer,
tax collector, or director of finance of the county in which the
property is assessed a statement that certifies that the lender
maintains a real estate tax escrow account.
(ii) Upon receipt of the statement required in
subparagraph (i) of this paragraph, the county treasurer, tax
collector, or director of finance shall endorse on the deed an
appropriate certification and the endorsement shall be sufficient
authority for transfer on the assessment books.
(5) SUBSECTION (B) OF THIS SECTION DOES NOT APPLY IN
WASHINGTON COUNTY IF:
(I) THE GRANTEE NAMED IN THE DEED OR OTHER
INSTRUMENT IS THE GOVERNING BODY OF THE COUNTY; AND
(II) THE PROPERTY TRANSFERRED IS TO BE USED BY
THE COUNTY FOR PUBLIC PURPOSES.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall be
construed retroactively and shall be applied to and interpreted
to affect any property transfer on or after January 1, 1988.
SECTION 3. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1989.
Approved May 19, 1989.
- 2800 -
|