Editor's Note: This resolution provided that
the Clerk of the Circuit Court for Dorchester County shall collect
the County transfer tax on instruments of writing recorded with the
Clerk of the Circuit Court for Dorchester County and shall remit the
revenues collected to the Treasurer of Dorchester County and that
this resolution shall take effect July 1, 1994. It shall remain effective
for a period of 20 years and at the end of June 30, 2014, with no
further action required by the County Commissioners of Dorchester
County, this resolution shall be abrogated and of no further force
and effect.
Notwithstanding § 13-407 of the Tax - Property
Article of the Annotated Code of Maryland, the County transfer tax
imposed under this section shall apply to a transfer of land subject
to the agricultural land transfer tax.
The first $30,000 of the consideration payable
for an instrument of writing for residentially improved owner-occupied
real property, provided that the instrument of writing is accompanied
by a statement under oath signed by the grantee that the residence
will be occupied by the grantee.
Except as provided in Subsection E(2)(b) of this section, the exemption provided under Subsection E(1)(b) of this section shall be applied against the grantee's transfer tax payment required under this section.
If the grantor has agreed, by contract, to pay the entire county transfer tax, the exemption provided under Subsection E(1)(b) of this section shall be applied against the grantor's transfer tax payment required under this section.
The use of the revenues generated by the county transfer
tax is restricted and shall be used by the County Commissioners of
Dorchester County for solely and only the following purposes:
To pay the principal and interest on any general obligation
bonds of Dorchester County issued to pay for capital improvements
to the Court House located at 206 High Street, Cambridge, Maryland
21613; or