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Montgomery County Register

June 1, 2015, Montgomery County Register Notices

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Development Impact Tax Rates for July 1, 2015 through June 30, 2017 are being re-advertised.  The May 1, 2015 advertisement had errors in Table 2.

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 2013 and 2014, the existing rates were increased by a rate of 3.41 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
New Rates for the Period 7/1/2015 through 6/30/2017
 
  Existing Rates New Rates
Residential    
General    
Single-family detached $13,506 $13,966
Single-family attached $11,050 $11,427
Multi-family residential (except high-rise) $8,594 $8,886
High-rise residential $6,138 $6,347
Multi-family senior residential $2,455 $2,539
     
Metro Station    
Single-family detached $6,754 $6,984
Single-family attached $5,526 $5,714
Multi-family residential (except high-rise) $4,297 $4,443
High-rise residential $3,069 $3,174
Multi-family senior residential $1,228 $1,269
     
Clarksburg    
Single-family detached $20,258 $20,948
Single-family attached $16,576 $17,141
Multi-family residential (except high-rise) $12,891 $13,330
High-rise residential $9,209 $9,522
Multi-family senior residential $3,683 $3,808
     
Non-Residential (per square foot GFA)    
     
General    
Office $12.30 $12.75
Industrial $6.15 $6.35
Bioscience facility $0.00 $0.00
Retail $11.00 $11.40
Place of worship $0.65 $0.65
Private elementary and secondary school $1.00 $1.05
Hospital $0.00 $0.00
Social Service Agency $0.00 $0.00
Other non-residential $6.15 $6.35
     
Metro Station    
Office $6.15 $6.35
Industrial $3.10 $3.20
Bioscience facility $0.00 $0.00
Retail $5.50 $5.70
Place of worship $0.35 $0.35
Private elementary and secondary school $0.45 $0.50
Hospital $0.00 $0.00
Social Service Agency $0.00 $0.00
Other non-residential $3.10 $3.20
     
Clarksburg    
Office $14.80 $15.30
Industrial $7.35 $7.60
Bioscience facility $0.00 $0.00
Retail $13.25 $13.70
Place of worship $0.90 $0.90
Private elementary and secondary school $1.30 $1.35
Hospital $0.00 $0.00
Social Service Agency $0.00 $0.00
Other non-residential $7.35 $7.60
     
TABLE 2 (Corrected)
Public School Improvements Impact Taxes
 
  Existing Rates New Rates
Countywide    
Single-family detached $25,944 $26,827
Single-family attached $19,533 $20,198
Multi-family (except high-rise) $12,345 $12,765
High-rise $5,234 $5,412
Multi-family senior $0 $0

 


 

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