[1]
Editor's Note: The preamble to this resolution
read as follows:
"WHEREAS, Article 81, Section 48(a) of the
Annotated Code of Maryland (1957 Edition) and amendments thereto,
does require that all ordinary state, County and taxing district taxes
shall bear interest at the rate of one-half of one percent for each
month or fraction thereto after October 1 of each year that said taxes
shall remain unpaid, and
WHEREAS, Article 81, Section 48(b), as aforesaid,
does authorize and allow any County to impose and collect after October
1 such penalty for failure to make payment on or before that date
as prior to the date of finality may have been filed resolution of
the County Council, and
WHEREAS, the date of finality for real estate
taxes for fiscal year 1969-70 is July 1, 1969, and the date of finality
for six-month taxes for fiscal year 1969-70 is January 1, 1970;
NOW, THEREFORE, BE IT RESOLVED by the County
Council of Wicomico County in Executive Session that..."
[Amended 11-12-2008 by Bill No. 2008-6]
All County property taxes are due and payable
without interest as of the first day of July in each taxable year.
These taxes are overdue and in arrears on the first day of the succeeding
October and from and after October 1 shall bear interest at the rate
of 1% per month or fraction thereof. Taxes that remain overdue and
in arrears on the first day of the succeeding January shall bear interest
at the rate of 1.5% per month or fraction thereof until paid.
County taxes paid on or before August 31 following
the due date shall bear a discount of 1%.
[1]
Editor's Note: Former § 203-5, Penalty,
was repealed 11-12-2008 by Bill No. 2008-6.
