State Department of Assessments and Taxation - Notification of Constant Yield Tax Rate - Alteration

SB 183 repeals a requirement that the Maryland State Department of Assessments and Taxation notify local taxing authorities (like county councils and city governments) about the "constant yield tax rate" each year. This rate is designed to maintain stable property tax revenue without changing the tax rate itself. The bill removes the obligation for the Department to provide these annual notifications, as well as the related calculation and amendment procedures. This change affects how local governments receive information about property tax revenue projections but does not alter actual tax rates or collections.