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2007 Laws of Maryland
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Ch. 158
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CHAPTER 158
(Senate Bill 456)
AN ACT concerning
Interest Rate for Overdue Property Tax - Mardela Springs
FOR the purpose of providing that the rate of interest for overdue property tax for a
certain municipal corporation is the rate set by law by the governing body of the
municipal corporation, subject to a certain limitation; and generally relating to
the interest rate for overdue property tax for a certain municipal corporation.
BY repealing and reenacting, with amendments,
Article - Tax - Property
Section 14-603(b)(5)
Annotated Code of Maryland
(2001 Replacement Volume and 2006 Supplement)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article - Tax - Property
14-603.
(b) For the following counties and municipal corporations the rate of interest
for each month or fraction of a month that county or municipal corporation property
tax or taxing district property tax is overdue is:
(5) the rate set by law by:
(i) the governing body of a county that has adopted a charter
form of government under Article XI-A of the Maryland Constitution;
(ii) the governing body of:
1. Allegany County;
2. the City of Annapolis;
3. Berlin, not exceeding 1.5%;
4. Caroline County, not exceeding 1%;
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