The interest rate to redeem property sold for taxes is hereby fixed at 8% per annum, provided that the interest rate established herein shall be applicable beginning with the redemption of properties sold at the May, 1998, tax sale and thereafter, unless changed by the county governing body.
(Ord. 76-11-71, 11-22-1976; Ord. 80-27-179, 9-9-1980; Ord. 98-05-207, 4-21-1998; Ord. 14-23-678, 11-13-2014)
Statutory reference:
Authority to set such interest rates, see Md. Code Ann., Tax Property Article §§ 14-820 and 14-828