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Tax Break Tracker Individual Entry

Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.

StateMaryland
Effected JurisdictionBaltimore County
Jurisdiction type: County
Fiscal year ending In2018
Program nameConservation Land Tax Credit
Program purpose: Conservation of farmland, forest, open space, or water
Statutory authority: County Code Section 11-2-110
Abating jurisdiction(s): Baltimore County, Maryland
Applicable taxesProperty Tax
Method of abatement: Tax Credit
Provisions for recapture: If the property is transferred to an entity other than a government agency or another qualified trust, the credit will lapse and the property owner will become liable for all the Property Tax had the credit not been granted, as well as interest on those taxes.
Gross revenue loss: $19,000
Reimbursement / offset: $0
Net revenue loss: $19,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.baltimorecountymd.gov/departments/budfin/accounting/