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PARRIS N. GLENDENING, Governor
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Ch. 80
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(1) is deemed to have complied with the requirements; and
(2) may set a REAL PROPERTY tax rate that exceeds the constant yield
tax rate.
SECTION 4. AND BE IT FURTHER ENACTED, That, on or before December 1,
2000, the Department of Assessments and Taxation shall identify any provisions of
the Annotated Code of Maryland or the Code of Public Local Laws that are rendered
inaccurate or obsolete as a result of this Act and, in accordance with § 2-1246 of the
State Government Article, shall submit a report to the General Assembly on its
findings with recommendations for any amendments to the Codes.
SECTION 5. AND BE IT FURTHER ENACTED, That, for the taxable year
beginning July 1, 2000, each county shall include the following statement on or with
each real property tax bill:
"Important Notice to Taxpayers
In order to make real property tax bills simpler and easier to understand, the
General Assembly, under Chapter 80 of the Acts of 2000, has required that property
tax rates on real property be based on a full cash value assessment. As a result, on
October 1, 2000, your real property tax rates will be reduced to 40% of the rate
effective July 1, 2000. As an example of how this will work for the taxable year
beginning July 1, 2000, your county real property tax rate of $_per $100 of
assessment will be $_per $100 of assessment on October 1, 2000. Your property
taxes owed will remain the same unless changed by some other State or local
legislative action.".
SECTION 6. AND BE IT FURTHER ENACTED, That, for the taxable year
beginning July 1, 2001:
(1) If a county or municipal corporation gives notice or advertisement
under § 6-308(e) of the Tax - Property Article, the notice or advertisement shall be in
the following form:
"........(NAME OF JURISDICTION) NOTICE
OF A PROPOSED
REAL PROPERTY TAX INCREASE
Important Notice to Taxpayers
In order to make real property tax bills simpler and easier to understand, the
General Assembly, under Chapter 80 of the Acts of 2000, has required that property
tax rates on real property be based on a full cash value assessment. As a result, on
October 1, 2000, real property tax rates were reduced to 40% of the rate effective July
1, 2000. The county real property tax rate of $_per $100 of assessment on July
1, 2000 was reduced to $_ per $100 of assessment on October 1, 2000. The
change in method of assessment had no effect on actual tax liability for the taxable
year beginning July 1, 2000.
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- 655 -
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