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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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LOCAL GOVERNMENT |
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DIVISION IV. LOCAL FINANCE |
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TITLE 16. IN GENERAL |
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SUBTITLE 4. TAX AND DEBT AUTHORITY FOR ASSISTANCE TO DESTITUTE AND UNEMPLOYED RESIDENTS |
§ 16-404. Authority to impose property tax
Latest version.
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(a) In general. -- A county or municipality that exercises the authority granted under this subtitle may impose a tax on property that is subject to the county's or municipality's property tax.
(b) Tax limit. -- A tax imposed under this section may not exceed:
(1) 3.2 cents on each $ 100 of assessment of real property; or
(2) 8 cents on each $ 100 of assessment of personal property and operating real property described in § 8-109(c) of the Tax - Property Article.