The Mayor and Council of the City of College Park will hold a Public Hearing on Ordinance 23-O-08, amending Chapter 175 “Taxation”, by enacting Article V, “Property tax credit for elderly individuals”, §175-14 “Establishment of tax credit”, §175-15, “Eligibility”, §175-16, “Amount and duration of credit”, §175-17, “Application for the tax credit,” and §175-18, “Effective date of the tax credit.” The purpose of this Ordinance is to authorize the Mayor and Council to approve a tax credit for elderly individuals and to provide the extent, duration, and eligibility requirements for the credit as authorized by §9-258 of the Taxation-property Article, Annotated Code of Maryland.

As currently written, the City’s ordinance will use the same eligibility criteria that Prince George’s County uses for their tax credit:

At least one homeowner is age 65 and over; AND

• The same homeowner has resided at the property for which the credit is sought for at least the previous ten (10) fiscal years; AND
• The assessed value of the property does not exceed $500,000.

The City Council is considering a flat fee tax credit of $250 annually for 5 years

Click here to view the staff report.

The Mayor and Council will hold a Public Hearing on this Ordinance on Tuesday, October 10, 2023, at 7:30 p.m. during the Mayor and Council meeting. You may attend the meeting in person at 7401 Baltimore Avenue, 2nd Floor Council Chambers, College Park, MD 20740, or use the virtual Zoom platform. To obtain the meeting link or phone number to join the meeting, please visit the Mayor and Council Meeting page on our website. All interested parties will have the opportunity to be heard.

The City Council will leave the record open for an additional period of time before taking action on this ordinance.

If you are unable to participate in the meeting, you may submit a written comment prior to the Public Hearing. In order to be received by the Council as part of the record, the comment must include the specific topic to which it relates and the full name and address of the person submitting the comment. Written comment should be submitted no later than 5:00 p.m. on the day of the hearing to cpmc@collegeparkmd.gov.