Section 10-205 - Advance payment of county property tax. - Maryland Statutes

§ 10-205. Advance payment of county property tax.
 

(a)  Payment authorized.- The governing body of a county may authorize, by law, advance payment of county property tax. 

(b)  Calculation of payment.- The advance payment is calculated by applying the current county property tax rate to the assessment of the taxpayer's property for the prior year. 

(c)  Billing.- If the advance payment is less than the county property tax as finally determined, the collector shall send a bill to the taxpayer for the difference. 

(d)  Interest.- The law authorizing advance payment may allow interest on the advance payment. The interest may not exceed any discounts allowed by law. 
 

[An. Code 1957, art. 81, § 49; 1985, ch. 8, § 2; 1986, ch. 171.]