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Montgomery County Register Notice

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Re-Advertisement of New Development Impact Tax Rates for July 1, 2013 through June 30, 2015

              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(e).  As prescribed by law, the Director must adjust the tax rates by the annual average increase or decrease in a published construction cost index specified by regulation for the two most recent calendar years.  The Director must calculate the adjustment to the nearest multiple of 5 cents for rates per square foot of gross floor area or one dollar for rates per dwelling unit.  Based on the change in the Engineering-News Record’s Baltimore Construction Cost Index for calendar years 2011 and 2012, the existing rates were increased by a rate of 8.69 percent. The rates were adjusted to the nearest 5 cents for rates calculated per square foot of gross floor area (GFA) or adjusted to the nearest dollar for rates calculated 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

Transportation Impact Taxes

  Existing Rates New Rates
Residential    
     
General    
Single-family detached $12,425 $13,506
Single-family attached $10,166 $11,050
Multi-family residential (except high-rise) $7,906 $8,594
High-rise residential $5,647 $6,138
Multi-family senior residential $2,259 $2,455
     
Metro Station    
Single-family detached $6,213 $6,754
Single-family attached $5,084 $5,526
Multi-family residential (except high-rise) $3,953 $4,297
High-rise residential $2,824 $3,069
Multi-family senior residential $1,129 $1,228
     
Clarksburg    
Single-family detached $18,638 $20,258
Single-family attached $15,250 $16,576
Multi-family residential (except high-rise) $11,860 $12,891
High-rise residential $8,472 $9,209
Multi-family senior residential $3,388 $3,683
     
Non-Residential (per square foot GFA)    
     
General    
Office $11.32 $12.30
Industrial $5.66 $6.15
Bioscience facility $0.00 $0.00
Retail $10.13 $11.00
Place of worship $0.60 $0.65
Private elementary and secondary school $0.93 $1.00
Hospital $0.00 $0.00
Social Service Agency $0.00 $0.00
Other non-residential $5.66 $6.15
     
Metro Station    
Office $5.66 $6.15
Industrial $2.83 $3.10
Bioscience facility $0.00 $0.00
Retail $5.06 $5.50
Place of worship $0.33 $0.35
Private elementary and secondary school $0.44 $0.45
Hospital $0.00 $0.00
Social Service Agency $0.00 $0.00
Other non-residential $2.83 $3.10
     
Clarksburg    
Office $13.61 $14.80
Industrial $6.75 $7.35
Bioscience facility $0.00 $0.00
Retail $12.20 $13.25
Place of worship $0.82 $0.90
Private elementary and secondary school $1.20 $1.30
Hospital $0.00 $0.00
Social Service Agency $0.00 $0.00
Other non-residential $6.75 $7.35
     
     

TABLE 2

Public School Improvements Impact Taxes

  Existing Rates New Rates
Countywide    
Single-family detached $23,868 $25,944
Single-family attached $17,970 $19,533
Multi-family (except high-rise) $11,358 $12,345
High-rise $4,815 $5,234
Multi-family senior $0 $0

 

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