Maryland Code, TRANSPORTATION 6-411
Terms Used In Maryland Code, TRANSPORTATION 6-411
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- including: means includes or including by way of illustration and not by way of limitation. See
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
(b) The payments required under this section shall be:
(1) For fiscal year 1998, $410,000 in aggregate amount;
(2) For fiscal year 1999, $418,200 in aggregate amount; and
(3) For fiscal year 2000 and each subsequent fiscal year, the product of multiplying the applicable Baltimore City real property tax rate times the assessment of the land as determined under Title 8 of the Tax – Property Article, not including the assessment of any improvements, for each of the properties.
(c) Payments under this section shall be subject to such terms and conditions, if any, as may be provided by agreement between the Administration and Baltimore City.