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Development Impact Tax Rates - July 1, 2005 through June 30, 2007


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Pursuant to Chapter 52, Sections 57(e) and 90(e) of the Montgomery County Code (Development Impact Tax for Transportation Improvements and Development Impact Tax for Public School Improvements, respectively) the Director of Finance has adjusted the tax rates set under Sections 57(a) and 90(a).  As prescribed by law, the Director must adjust the previous rates by the change in the average annual rates in the Consumer Price Index for All Urban Consumers (CPI) for the Washington-Baltimore Consolidated Metropolitan Statistical Area for the two most recent years.  Based on the change in the CPI over the past two years, the existing rates were increased by a rate of 5.8 percent and to the nearest 5 cents for rates per square foot of gross floor area (GFA) or one dollar for rates per dwelling unit.  Table 1 provides the new rates for the Development Impact Tax for Transportation Improvements, while Table 2 provides the new rates for the Development Impact Tax for Public School Improvements.

 

TABLE 1
Development Impact Tax for Transportation Improvements Tax Rates

 

 

   Existing Rates  New Rates
 Residential    
 General    
 Single-family detached $5,500  $5,819
 Single-family attached $4,500  $4,761
 Multi-family residential (except high-rise) $3,500  $3,703
 High-rise residential $2,500  $2,645
 Multi-family senior residential $1,000  $1,058
 Metro Station    
 Single-family detached $2,750  $2,910
 Single-family attached $2,250  $2,381
 Multi-family residential (except high-rise) $1,750  $1,852 
 High-rise residential $1,250  $1,323
 Multi-family senior residential $500  $529
 Clarksburg    
 Single-family detached  $8,250  $8,729
 Single-family attached  $6,750  $7,142
 Multi-family residential (except high-rise)  $5,250  $5,555
 High-rise residential  $3,750  $3,968
 Multi-family senior residential  $1,500  $1,587
     
 Non-Residential (per square foot GFA)    
 General  
 Office  $5.00  $5.30
 Industrial  $2.50  $2.65
 Bioscience facility  $0.00  $0.00
 Retail  $4.50  $4.75
 Place of worship  $0.30  $0.30
 Private elementary and secondary school  $0.40  $0.40
 Hospital  $0.00  $0.00
 Other non-residential  $2.50  $2.65
 Metro Station    
 Office  $2.50  $2.65
 Industrial  $1.25  $1.30
 Bioscience facility  $0.00  $0.00
 Retail  $2.25  $2.40
 Place of worship  $0.15  $0.15
 Private elementary and secondary school  $0.20  $0.20
 Hospital  $0.00  $0.00
 Other non-residential  $1.25  $1.30
 Clarksburg    
 Office  $6.00  $6.35
 Industrial  $3.00  $3.15
 Bioscience facility  $0.00  $0.00
 Retail  $5.40  $5.70
 Place of worship  $0.35  $0.35
 Private elementary and secondary school  $0.50  $0.55
 Hospital  $0.00  $0.00  
 Other non-residential  $3.00  $3.15

 

 

 

 

TABLE 2
Development Impact Tax for Public School Improvements Tax Rates

 

  

   Existing Rates   New Rates
 Countywide    
 Single-family detached  $8,000  $8,464
 Single-family attached  $6,000  $6,348
 Multi-family (except high-rise)  $4,000  $4,232
 High-rise  $1,600  $1,693
 Multi-family senior  $0  $0

 

 

  

                                                                                

 

  

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