(a) Creation. There is a credit from County real property taxes levied on property within the Baltimore-Washington International Airport Noise Zone if the property is owner-occupied, residential property that is located entirely or in part within the 75 LDN Noise Contour as established by the Airport Noise Zone surrounding the Baltimore-Washington International Airport that has been most recently adopted by the Maryland Aviation Administration as of the first day of the taxable year.
(b) Time for filing application. Application for the tax credit created by this section shall be filed on or before October 1 immediately before each taxable year for which the tax credit is sought. If the application is filed after October 1, the credit shall be disallowed that year but shall be treated as an application for a tax credit for the next succeeding taxable year.
(c) Form of application. An application for the tax credit shall be submitted to the Controller on forms that the Office of Finance requires; include a statement that the property is owner- occupied and used solely for residential purposes; and be under oath, containing a declaration preceding the signature of the applicant to the effect that it is made under the penalties of perjury provided by the Tax-Property Article, § 1-201, of the State Code.
(d) Review by Planning and Zoning. The Office of Planning and Zoning shall review each application for a tax credit and certify that the property qualifies for the credit.
(e) Calculation. The tax credit shall be calculated and credited based on 50% of the tax due on County real property based on the real property assessment made by the County Supervisor of Assessments up to $212,500.
(f) Termination. If a landowner terminates the residential use or the owner-occupied status of the property during a year for which a credit was granted, the landowner shall be liable for all property taxes that the owner would have been liable for if the property tax credit had not been granted under this section and all interest and penalties on those taxes computed in the manner provided under § 4-1-103.
(1985 Code, Art. 6, § 1-104.2) (Bill No. 76-90; Bill No. 50-01; Bill No. 69-16; Bill No. 17-20)