[Adopted 10-10-2000 by Bill No. 2000-4]
By virtue of the authority vested in the County Commissioners of Caroline County by the Tax-Property Article of the Annotated Code of Maryland, § 9-307(e) (1994 Replacement Volume and 1999 Supplement), a property tax credit against county real property tax imposed on certain qualifying unimproved and improved property owned by Caroline County Habitat for Humanity, Incorporated, is hereby established.
A property tax credit of 100% is granted on real property owned by Caroline County Habitat for Humanity, Incorporated, that meets the following criteria:
A. 
The property is owned by Caroline County Habitat for Humanity, Incorporated, with the intention of relinquishing ownership in the near future; and
B. 
The property is used exclusively for the purpose of rehabilitation and transfer to a private owner in order to promote home ownership and the availability of affordable housing to the public; and
C. 
The property is not occupied by administrative, warehouse or other ancillary buildings owned by Caroline County Habitat for Humanity, Incorporated.
In order to receive credits, Caroline County Habitat for Humanity, Incorporated shall annually on or by the first day of May submit a written report to the County Commissioners of Caroline County, the Caroline County Treasurer's Office, and to the Caroline County Assessment Office containing the following information on each of its real property holdings in Caroline County:
A. 
The property address, and the real property identification number on the property tax bill;
B. 
The date the property transferred to Caroline County Habitat for Humanity, Incorporated; the amount of consideration paid to or received by Caroline County Habitat for Humanity, Incorporated; the names of all parties to the transaction; the purpose of the acquisition by Caroline County Habitat for Humanity, Incorporated; and the property's current use; and
C. 
Any other transactions involving these holdings.
This real property tax credit shall take effect when an eligible property is transferred to Caroline County Habitat for Humanity, Incorporated. However, if Caroline County Habitat for Humanity, Incorporated, purchases the property rather than receiving it as a donation, the County shall reimburse Caroline County Habitat for Humanity, Incorporated, for county real property taxes paid at time of settlement. The tax credit shall cease as of the date of transfer from Caroline County Habitat for Humanity, Incorporated, to another owner. When the credit ceases, the property and its assessment shall be reinstated on the Caroline County real property tax roll, and taxes due shall be paid.
The County Commissioners shall deny a credit on any property that does not meet all eligibility requirements set forth herein.
No refunds shall be issued by the County Commissioners on taxes paid by Caroline County Habitat for Humanity, Incorporated, prior to the effective date of this article.