Datasets > Vector data > Maryland--Prince George's County > 2010-2014

Development, Revitalization Tax Credit Eligibility by Census Tract: Prince George's County, Maryland

The Maryland-National Capital Park & Planning Commission - Prince George's County · 2013 Full Details

Full Details

Title
Development, Revitalization Tax Credit Eligibility by Census Tract: Prince George's County, Maryland
Description
Revitalization/Redevelopment tax credits encourage redevelopment and investment in inner-beltway communities of Prince George's County, based on CB74-2012. The credits are available in all census tracts inside the Beltway where the median household income does not exceed the County's median. Eligible improvements to real property located within these districts shall be allowed a tax credit on County real property taxes. For the first tax year following the year in which the improvements are completed and assessed, non-residential improvements receive a tax credit for 100% of the amount of the County property tax imposed on the increased assessment. The tax credit is reduced to 80% in the second tax year, 60% in the third year, 40% in the fourth year, and 20% in the fifth year. Residential improvements for the first tax year following the year in which the improvements are completed and assessed, receive a tax credit of 100% of the amount of the County property tax imposed on the increased assessment. The tax credit is reduced to 66% in the second tax year, and 33% in the third year. The maximum amount of eligible residential improvements is $100,000 per dwelling unit.
Creator
The Maryland-National Capital Park & Planning Commission - Prince George's County
Subject
Census, Intergovernment records
Date Issued
2013-05-13
Access Rights
Public
Format
Shapefile
Language
English
Date Added
April 27, 2021

Location

Links

Cite and Reference

  • Citation
    The Maryland-National Capital Park & Planning Commission - Prince George's County (2013). Development, Revitalization Tax Credit Eligibility by Census Tract: Prince George's County, Maryland. . http://gisdata.pgplanning.org/opendata/ (dataset)
  • BTAA Geoportal Link

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