Prince George's County - Special Rate for Vacant and Abandoned Property - Application of County Tax Limitation PG 412-25

HB 416 allows Prince George's County to set a special property tax rate for vacant and abandoned properties without being subject to the county's standard tax limitation rules. This special rate applies to properties identified as vacant and unfit for use through housing violation notices. The county governing body must set this rate annually, and must report details like the number of affected properties, revenue changes, and whether properties are suitable for adaptive reuse. The bill modifies Maryland tax law to exempt these special rates from typical county tax growth limits, effective for taxable years starting after June 30, 2025.