Seat Pleasant finance department

Adeoye Aganga-Williams

Treasurer

Mr. Williams is a native of Bowie MD who graduated from Arundel Senior High. He attended Towson University while attaining a degree in Accounting. As an active member of Pi Lambda Phi Fraternity he served as treasurer for one year. Mr. Williams also interned for the Baltimore Cash Campaign which provided free tax prep for low income households. Prior to becoming Treasurer for the city Mr. Williams worked in the Finance office as the accounts payable specialist.

Mission & Vision

Mission Statement

The Financial Department mission is to effectively and efficiently manage the financial operations of City Government by implementing sound fiscal policies which will provide the Mayor and City Council, and taxpayers of Seat Pleasant a Smart City with accurate, timely, financial information. This can be effectively used in the decision making process; to protect the physical assets of the city thereby making it a safe pace for city employees and visitors; to efficiently and effectively administer the property tax system and collection and safeguarding the city fiscal resources; and to purchase goods and services for the best value possible.

The Finance Department is responsible for providing timely financial information, payroll and procurement services, and the administration of all other financial affairs of the City.

Data

Seat Pleasant Revenue Sources by Year

wdt_ID Revenue Source Actual 2015 Actual 2016 Actual 2017 Amended 2018 Proposed 2019
1 Tax Revenues 2.959.078 3.421.362 3.072.289 4.372.046 4.522.991
2 Licenses & Permits 44.067 48.385 48.385 50.600 59.700
3 Intergovernmental 203.913 183.935 20.632 21.447 23.654
4 Violations 135.663 261.949 523.690 1.815.000 2.261.429
5 Franchise Fees 77.695 77.855 77.855 70.634 84.000
6 Interest & Investment Income 90 2.536 2.000 2.704 2.750
7 Charges for Services 267.045 275.911 292.000 277.200 264.200
8 Seat Pleasant Day 4.300 0 0 4.300 6.000
9 Miscellaneous Income 82.745 82.662 400 10.000 7.566
10 Grants 0 0 450.000 100.000 153.837
Revenue Source Actual 2015 Actual 2016 Actual 2017 Amended 2018 Proposed 2019

Seat Pleasant Expenditures by Year

wdt_ID Expenses 2018 Approved 2019 Projected
1 City Council 206.550 272.624
2 Mayor 124.537 189.795
3 City Clerk 128.428 137.025
4 Administration 500.695 335.785
5 Human Resources 387.673 690.380
6 Economic Development 6.320.626 5.855.001
7 Finance 284.950 249.524
8 Publice Engagement 938.434 1.057.656
9 Public Safety 2.320.806 2.837.297
10 Public Works 968.847 1.131.139
Expenses 2018 Approved 2019 Projected

constant yield

The Constant Yield concept is that, as assessments rise, the tax rate should drop to the point that the revenue derived from the property tax stays at a constant level from one year to the next, thus assuring a “constant yield” from this tax source. The Constant Yield Tax Rate is simply a property tax rate that, when applied to new assessments, will result in the taxing authority receiving the same revenue in the coming taxable year that was produced in the prior taxable year. 

The Constant Yield Tax Rate is a State Law that exists solely for the benefit of the taxpayer. It represents a clear and direct opportunity for citizen input to influence the level of property taxation. 

Prior to February 15, the Department of Assessments and Taxation notifies the counties, Baltimore City, and municipal taxing authorities of the tax rate that would produce the same revenue from the property tax as was produced the year before. The rates certified to the local governments are known as the “Constant Yield Tax Rates” and are based on the new, net assessable base for that jurisdiction. New property or construction added to the rolls for the first time is subtracted from the calculation and allowances for abatement and other deletions are deducted in arriving at the net assessable base for this purpose. 

The local taxing authority cannot set a tax rate that exceeds that Constant Yield Tax Rate until first advertising its intent to do so. The notice must meet certain specifications. The taxing authority may, at its option, mail a copy of the notice to each taxpayer instead of publishing an advertisement. 

The taxing authority must meet on the day and time shown in the notice. This meeting must be held between 7 and 21 days after the advertisement is published. The hearing must be held on or before June 17th. Afterward, the taxing authority may adopt a resolution or ordinance adopting a property tax rate in excess of the Constant Yield Tax Rate, but if the ordinance or resolution adjusting this tax rate is not approved on the day of the public hearing, the day, time, and place where the resolution or ordinance will be scheduled for consideration and approval must be announced at the public hearing. 

The Department of Assessments and Taxation is charged with the responsibility of administering the Constant Yield Tax Rate Provisions. In addition to calculating the rate, the Department also oversees and monitors the advertising requirements. If violations are detected, the Department must report them to the Attorney General who must investigate and take appropriate legal action to effect compliance.

Real Property Tax Rate

Current Tax Rate:

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.

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.

Late Payment Penalties:

Taxes paid after September 30th is subject to a monthly 1.667% penalty/interest charge (20% per annum). Property owners, title companies or mortgage lenders may contact the Prince George’s County Treasury Office at 301-952-4030 to obtain a current balance for outstanding taxes.

Real property taxes which 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.

Semi-Annual Tax Payment Plan:

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.

Personal Property Tax:

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 $1.69 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.

 

 

Property Tax for Homeowners

Homeowners Property Tax Credit

Residents with an income of $60,000 or less may be eligible for a Homeowners’ Property Tax Credit. For details, please visit the state’s website.

Homeowners must apply for this credit annually. The application can be downloaded here. The deadline to apply is usually September 1 of each calendar year. 

Homestead Tax Credit

If your home is your primary residence, you may be eligible for a Homestead Tax Credit. This limits the amount that your tax bill can increase each year.

Please visit the state’s website for details. Note that property owners are required to complete a one-time application to show eligibility. An online version of the form can be completed here

In addition to the County and City, property taxes also support the Maryland National Capital Park and Planning Commission, the Stormwater Chesapeake Bay Water Quality and the Washington Suburban Transit Commission.

Appealing Your Assessed Value

The State of Maryland offers an Appeals process for property owners. If you believe that your assessed value is inaccurate, please visit the state’s website for details on the process.

Paying Your Property Taxes
Prince George’s County collects Property Taxes. Visit their Office of Finance to view your tax bill. 

If you have a mortgage, your bill may be automatically paid by your mortgage company. Residents may also pay their tax bill online through the County’s Office of Finance.

Understanding Your Property Taxes:

Property owners in the City of Seat Pleasant pay taxes to the city and Prince George’s County. The State of Maryland also plays a role in determining your tax bill:

Here’s an outline of the process:

  • The assessed value of your home is determined by the Maryland State Department of Assessments and Taxation. For more information on this process, please visit their site.
  • Prince George’s County and the City of Seat Pleasant set their tax rates as part of the budget process.
  • Prince George’s County issues tax bills based on the assessed value of your home and the established tax rates. The County also collects taxes.
  • The County then returns the City’s share of tax revenue to our Finance Department, allowing the City to provide services to residents.

city audits

monthly reports

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