Sec. 10-204. Estimated personal property tax
Codified through Bill No. CB-018-2026, adopted May 12, 2026, effective July 24, 2026. Source: Municode, Supplement 2026 Update 2. Editorial notes and legislative history omitted.
Prince George's County, Md., Code § 10-204 (2026)
Sec. 10-204. Estimated personal property taxLinkCopy Citation
(a)
Estimated personal property tax defined. The estimated personal property tax for any fiscal year shall be an amount determined by applying the rate of tax for the current fiscal year to the assessment of personal property made by the State Department of Assessments and Taxation for the last preceding year for which an assessment is available.
(b)
Personal property tax bills rendered on the basis of the estimated personal property tax will only be issued by the Director of Finance for tax bills which are estimated to exceed Ten Thousand Dollars ($10,000).
(c)
Payment of estimated personal property tax. Whenever, by September 1 of the fiscal year, the Maryland Department of Assessments and Taxation has not notified the County Council or the Director of Finance of the assessment of any property which is subject by law to assessment by the said Department and the personal property tax based thereon, the estimated personal property tax shall be paid. Bills rendered on the basis of the estimated personal property tax shall be subject to the same interest and penalties as have been established by law with respect to all ordinary State, County, and taxing district taxes.
(d)
Procedure upon determination of actual personal property tax:
(1)
Estimated tax greater than the actual tax. If the estimated personal property tax paid for any fiscal year is greater than the tax as finally determined, the Director of Finance shall refund the difference to the taxpayer, with interest at the rate of eight percent (8%) per annum.
(2)
Estimated tax less than actual tax. If the estimated personal property tax paid is less than the tax as finally determined, the taxpayer shall be billed for the difference. Any bill rendered for such additional amount, if not paid within thirty (30) days after the bill for the tax has been mailed to the taxpayer's address as shown on the tax rolls, shall be subject to interest and penalties as has been established by law with respect to all ordinary State, County, and taxing district taxes until paid.