summary
Introduced
01/10/2024
01/10/2024
In Committee
04/08/2024
04/08/2024
Crossed Over
03/12/2024
03/12/2024
Passed
Dead
04/08/2024
04/08/2024
Introduced Session
Potential new amendment
2024 Regular Session
Bill Summary
Requiring that certain owner-occupied property be withheld from tax sale; authorizing a county or a municipal corporation to withhold from tax sale certain property designated for redevelopment purposes; altering certain provisions of law concerning abandoned property that is sold for less than the lien amount; altering certain requirements concerning the rate of redemption for owner-occupied properties sold at tax sale; and applying the Act prospectively; etc.
AI Summary
This bill would make several revisions to property tax sale laws in Maryland:
- It requires that owner-occupied properties be withheld from tax sale, and allows counties and municipalities to withhold properties designated for redevelopment from tax sale.
- It alters provisions related to the sale of abandoned properties for less than the lien amount, allowing the local government to seek a judgment for the remaining unpaid taxes, interest, and penalties.
- It increases the redemption rate for owner-occupied properties sold at tax sale from 6% to 10% per year.
- It applies the changes prospectively, so they would not affect tax sale certificates issued before the law takes effect on January 1, 2025.
Committee Categories
Budget and Finance
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Ways and Means (House)
Last Action
Third Reading Passed (41-3) (on 04/08/2024)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0243?ys=2024RS |
| Favorable with Amendments 933821/1 Adopted | https://mgaleg.maryland.gov/2024RS/amds/bil_0003/hb0243_93382101.pdf |
| Vote Image | https://mgaleg.maryland.gov/2024RS/votes_comm/hb0243_b&t.pdf |
| BillText | https://mgaleg.maryland.gov/2024RS/bills/hb/hb0243t.pdf |
| Favorable with Amendments 873725/1 Adopted | https://mgaleg.maryland.gov/2024RS/amds/bil_0003/hb0243_87372501.pdf |
| Vote Image | https://mgaleg.maryland.gov/2024RS/votes_comm/hb0243_w&m.pdf |
| BillText | https://mgaleg.maryland.gov/2024RS/bills/hb/hb0243f.pdf |
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