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§ 37.101 EFFECT.
   This homestead credit percentage shall remain in effect for each subsequent taxable year unless amended by resolution of the County Commissioners.
(1986 Code, § 263-22) (Ord. —, passed 11-27-1990)
TRANSFER TAX
§ 37.115 TAX IMPOSED; AMOUNT.
   A transfer tax of 1% be and is imposed upon all applicable instruments or writing as defined and established by the provisions of § 37.002.
(1986 Code, § 263-23) (Ord. —, passed 6-15-1993; Am. Ord. 96-4-9a, passed 7-1-1996)
§ 37.116 EXEMPTION.
   (A)   The first $50,000 of consideration payable for an instrument of writing for the transfer of owner-occupied real property is exempt from the transfer tax as defined in this subchapter.
   (B)   Exemption set forth by this provision shall require, in addition to the instrument of writing, a statement under oath signed by each grantee or an agent of the grantee, as set forth in the provisions of Md. Code, Tax Property Article, § 13-409.
   (C)   For the purpose of this exemption, OWNER-OCCUPIED PROPERTY shall mean property that is owner-occupied and the owner intends to use the property as a principal residence, occupying it for at least seven out of 12 months each year.
(1986 Code, § 263-24) (Ord. —, passed 6-15-1993; Am. by Res. 2015-6, passed 7-1-2015)
§ 37.117 COLLECTOR DESIGNATED.
   The Clerk of the Circuit Court for Garrett County is designated as the collector of the aforesaid transfer tax, and all transfer tax shall be payable to the Clerk of the Circuit Court for Garrett County.
(1986 Code, § 263-25) (Ord. —, passed 6-15-1993)
§ 37.118 REPORTS.
   The Clerk of the Circuit Court for Garrett County shall report and remit monthly to the Board of County Commissioners of Garrett County the transfer tax so collected less the authorized percentage for his or her services.
(1986 Code, § 263-24) (Ord. —, passed 6-15-1993)
HOMEOWNERS PROPERTY TAX CREDIT
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