Property Tax Challenge Application
St. Mary’s County seeks to stimulate and incentivize investment in commercial real property. The Property Tax Challenge supports renovations, rehabilitation, and upgrades of commercial real property. Commercial property owners in challenged areas who invest at least 10% of the property’s assessed value at a minimum of $25,000 are eligible for this program. Submission of the Property Tax Challenge application is a first formal step toward securing the County’s consideration.
Completion of this application does not ensure that the applicant will receive a tax incentive. The award of an incentive is subject solely to the approval of the Commissioners of St. Mary’s County.
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Please submit a completed application.
Project Description (4-5 sentences)
What is the nature of the project? Please specify eligible improvements.
*Project Description is a required field.
Project Implementation Timeline (2-3 sentences)
Share the anticipated timeframe for project completion.
*Project Implementation Timeline is a required field.
Economic Benefit to the County (3-4 sentences)
Describe how your project will positively impact the economy in St. Mary’s County.
*Economic Benefit to the County is a required field.
Please include the following language and signature lines in your application:
The undersigned accepts and understands that this application is not a guarantee of acceptance or a promise from the County to provide an incentive. No expectation has been raised nor any perceived by the applicant including time and process issues. If the Commissioners of St. Mary’s County agree to offer an incentive, then a Developer’s Rights and Responsibilities Agreement detailing the project, anticipated outcomes, timeline for completion and related terms and conditions or a similar instrument will be prepared and signed by both parties.
