City of College Park, Maryland

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Finance

Finance

Finance Department Mission Statement

To maintain the public trust by safeguarding, and accurately accounting for, the assets of the City, providing quality service to our external and internal customers and abiding by all laws, ordinances, regulations and policies.

 

Finance Department   240-487-3509
Gary Fields, Director of Finance   gfields@collegeparkmd.gov 240-487-3510
Leo L. Thomas, Jr., Deputy Dir. of Finance  lthomas@collegeparkmd.gov 240-487-3511
Sarah Price, Information Technology Mgr.  sprice@collegeparkmd.gov 240-487-3528
Tracey Clayton, Billing/Collections Supervisor tclayton@collegeparkmd.gov 240-487-3509
 
 

The Department of Finance is responsible for accounting and reporting of the City's financial operations, preparation of the operating and capital budgets, billing and collections, payroll services, purchasing, information systems and related functions. The department coordinates the annual certified audit, and prepares the Uniform Financial Report ("UFR") for filing with the State of Maryland and the Comprehensive Annual Financial Report ("CAFR"). The City has been the recipient of the Government Finance Officers Association ("GFOA") Distinguished Budget and Excellence in Financial Reporting awards for its budget and CAFR for many years.

The Finance Department is located on the main lobby level of City Hall, 4500 Knox Road, College Park, Maryland 20740-3390.  Office hours are 8:00 a.m. to 5:00 p.m., Monday-Friday, except City holidays.  A drop box is located near the main entrance to City Hall for after-hours payments.  Postmark date is accepted for determination of timely payment.  Most City charges may be paid by cash(No unrolled coins accepted for payment), check, money order or credit card (VISA, MasterCard, American Express, Discover/Novus); boot release fee, MVA release and returned checks must be paid by cash, money order or credit card only (no checks accepted).  If a vehicle has been booted or towed due to unpaid parking tickets, payment of outstanding tickets and boot fee must be made in cash or by credit card.  Telephone number 240-487-3509; FAX 301-864-8941.  

Unpaid parking tickets may also be paid to Parking Enforcement (at same address), 5:00 p.m. to 6:00 p.m., Monday-Friday, except City holidays.  

Credit card payment of parking tickets is available by telephone at 240-487-3509 during Finance office hours (8:00 a.m. – 5:00 p.m., weekdays); and at 240-487-3520 during Parking Enforcement extended office hours (5:00 p.m. – 6:00 p.m. weekdays).  No receipt is mailed or emailed for telephone credit card payments; however, you will be provided with the credit card reference number to verify your payment.  

To pay parking tickets online, click here

To pay speed camera tickets online, please visit www.onlinecitationpayment.com or call 866-979-4824 if you may have any additional questions.

PROPERTY TAXES AND FEES

Real Property Tax

All real property in the State of Maryland is assessed by the State Department of Assessments & Taxation (“SDAT”) on a triennial basis. Since October 1, 2000, the taxable assessment is 100% of full value.  There are 2 assessment districts in the City, which are on different cycles of the triennial assessment.  The City’s real property tax rate is set annually by Mayor & Council as part of the adopted budget for the succeeding fiscal year.  The real property tax rate for fiscal year 2014 (July 1, 2013 – June 30, 2014) is 33.50 cents per $100 of assessed valuation.

Prince George’s County collects all real property taxes for the City of College Park as part of the County’s consolidated tax bill, issued annually on July 1.  For property owners within the corporate limits of the City, tax relief is provided in the form of a “tax differential”.  This is a reduction in the County tax rate for services provided by the City, which are not required to be provided by Prince George’s County.  In addition, owner-occupied properties receive the benefit of the “homestead tax credit” which limits assessment increases each year to specified percentages (City 4%, County 0%, State 10%).

The links below provide access to assessment and property tax information for all properties in the City:

            Assessments (State Department of Assessments & Taxation)

            Property Tax (Prince George’s County)

Personal Property Tax

City personal property tax is assessed annually, based on assessments provided by the State Department of Assessments & Taxation (“SDAT”).  Furniture, furnishings, machinery, equipment and inventory are valued as of January 1 on an annual report and personal property tax return filed with SDAT; assessment and billing takes place during the following fiscal year.  The City bills and collects its own personal property taxes.  The personal property tax rate is set annually by Mayor & Council as part of the adopted budget for the succeeding fiscal year; the personal property tax rate for fiscal year 2014 (July 1, 2013 – June 30, 2014) is 83.80 cents per $100 of assessed valuation.  SDAT bases its assessment on the depreciated value of the equipment, reduced approximately 10% annually to a 35% of value limit.

To pay your personal property tax via credit card, please have your City of College Park account number and click here.

Other Fines and Fees

The Finance Department bills and/or collects other fines and fees from City businesses and residents, including parking ticket fines, vehicle booting fees, liquor licenses, occupancy permits, building permits, zoning application processing fees, animal licenses, municipal infractions, zone parking permits, Motor Vehicle Administration (“MVA”) registration fees and non-resident permits, refuse collection charges, and compost sales and delivery charges.  In addition, the Finance Department provides billing services for Downtown College Park Management Authority (“DCPMA”) dues.