Good Morning All,
Thought I'd give the new ICMA listserve a whirl by posing the following question:
Have any of you had experience with rollback taxes as they relate to the development of agricultural land? As best I understand it, a rollback tax might occur where a property is zoned agricultural resulting in preferential tax treatment. But when the property owner breaks from the agreement and moves to develop that land he must pay the difference between the farm-assessed taxes and the full-value taxes, i.e., a rollback tax. Do any of you have knowledge as to whether or not this approach is practiced in Maryland or if it's even permissible under state law?
Maryland Municipal League