Maryland Code, TAX – PROPERTY 10-204.2
Terms Used In Maryland Code, TAX - PROPERTY 10-204.2
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- County: means a county of the State or Baltimore City. See
- Deed: The legal instrument used to transfer title in real property from one person to another.
- including: means includes or including by way of illustration and not by way of limitation. See
- Lien: A claim against real or personal property in satisfaction of a debt.
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
(b) An owner is eligible for a payment deferral under subsection (a) of this section if the owner or at least 1 of the owners:
(1) has resided in the dwelling for a period of at least 5 consecutive years;
(2) (i) is at least 65 years of age;
(ii) has been found permanently and totally disabled and has qualified for benefits under:
1. the Social Security Act;
2. the Railroad Retirement Act;
3. any federal act for members of the United States armed forces; or
4. any federal retirement system; or
(iii) has been found permanently and totally disabled by a county health officer or the Baltimore City Commissioner of Health; and
(3) meets the income eligibility requirements determined under subsection (c) of this section.
(c) The governing body of a municipal corporation that authorizes a payment deferral under subsection (a) of this section shall specify:
(1) the amount of the tax that may be deferred, not exceeding the increase in the municipal corporation property tax from the date the taxpayer elects to defer the payment of the tax;
(2) restrictions on the amount of the real property eligible for a payment deferral under subsection (a) of this section, except that the amount of eligible property may not be less than the dwelling and curtilage, as determined by the supervisor;
(3) the duration of the payment deferral under subsection (a) of this section;
(4) the rate of interest to be paid on the municipal corporation property tax payment from the due date without a deferral until the date that the municipal corporation property tax is paid;
(5) that any mortgagee or beneficiary under a deed of trust be entitled to receive notice of the deferral and of the amount of tax to be deferred; and
(6) the level of income to determine eligibility for the payment deferral under subsection (a) of this section.
(d) The municipal corporation property tax that is deferred under this section and any interest specified in the law authorizing the deferral are due when the deferral ends as specified in the law authorizing the deferral.
(e) The governing body of a municipal corporation that authorizes a payment deferral under subsection (a) of this section shall specify the cumulative amount of the deferral and related interest in the taxpayer’s annual property tax bill.
(f) A lien shall attach to the property in the amount of all deferred taxes and interest. The lien shall remain attached until the deferred taxes and interest are paid.
(g) The governing body of a municipal corporation that authorizes a payment deferral under subsection (a) of this section shall authorize the deferral by written agreement. The agreement shall reflect the terms and conditions of the deferral including notice of the lien. The agreement shall be recorded in the land records of the county.
(h) Penalties may not be charged during the period of the deferral on any tax payments deferred under this section.