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Taxes in Seat Pleasant
The current Real Property Tax Rate is $0.58 per $100 Assessment Value. Real property taxes are assessed and billed in advance on a fiscal year basis, commencing July 1 of each year. The City of Seat Pleasant Real property tax is included in the consolidated Prince George's County tax bill.
Real property tax bills are issued in July, by the County, with payment due by September 30th. The liability for timely payment of real property tax is the responsibility of the property owner, irrespective of whether a mortgage lender customarily makes payment from an escrow account.
During the spring of each year, the County processes requests from mortgage lenders to have original tax bills sent directly to the lender, in which case the property owner is issued a duplicate bill indicating that a lender has requested the original. Property owners should confirm with their respective mortgage lender that the lender intends to make a payment. This is particularly true in the case of recent refinancing or transfer of mortgages between lenders.
Processing & Responsibilities
The Finance Department will assist property owners with questions relating to lender tax payments; however, the ultimate responsibility for timely payment rests with the property owner(s).
Although Prince George's County processes the tax bills for the City, The Finance Department remains capable of addressing tax bill inquiries regarding account balance, tax rate and assessments.
The State of Maryland authorized a mandatory semi-annual tax payment plan, whereby a property owner of an owner-occupied property can pay 50% of their property tax by September 30th and the remaining 50% by December 31st. Property owners not wishing to pay on a semi-annual basis must expressly opt-out by notifying their mortgage company. In the even that the second installment is not paid by December 31st, interest/penalty on the unpaid balance will accrue.
All qualifying personal property located within City limits is subject to taxation, except that which is specifically exempt. Personal property assessments are reported tot eh City and Prince George's County by the State Department of Assessments and Taxation (SDAT), based on information submitted to the State on annual reports and personal property tax returns. The State assessment takes into account an allowance (similar to depreciation) based on the year the property was placed in service. The current City tax rate is $15 per $100 of assessed valuation. Assessments are reported periodically throughout the year based on the State assessor's timetable.
Unpaid personal property taxes are subject to a monthly 1.667% penalty/interest charge (20% per annum). In addition, delinquent taxes may be subject to collection activities including the flagging of a business trader's license with Prince George's County.
If you have any questions regarding personal property tax assessments, you should contact the State Department of Assessment and Taxation; the city cannot make any adjustments to assessments. SDAT adjustments are subsequently reported to the City of Seat Pleasant and Prince George's County for billing adjustment.
Taxes paid after September 30th are subject to a monthly 1.667% penalty/interest charge (20% per annum). Property owners, title companies or mortgage lenders may contact Prince George's County Treasury Office at 301-952-4030 to obtain a current balance for outstanding taxes.
Real property taxes that are not received at the Prince George's County, Treasury Office, by March 31st may be subject to tax sale. After that date, additional penalty/interest, legal and advertising charges relating to tax sale may accrue.