Section 10-202 - Deferral of county property tax - Prince George's County planned development property(a)(1) In this subsection, "staged-development zoning classification" includes M-A-C, L-A-C, E-I-A, I-3, and other similar comprehensive design or staged-development zoning classifications.(2) Except as provided in paragraph (3) of this subsection and notwithstanding Subtitle 1 of this title, the governing body of Prince George's County may authorize by law a payment deferral of the county property tax for the owner of undeveloped land that is rezoned for industrial or commercial use under a staged-development zoning classification if: (i) the industrial or commercial land in the proposed development is at least 25 acres;(ii) as determined by the supervisor, the county property tax deferred for each taxable year does not exceed the county property tax on any increase in assessment that would otherwise result directly from the change in zoning classification to industrial or commercial use; and(iii) the deferred payment of county property tax is not for land in the proposed development that is zoned for other than industrial or commercial use.(3) The governing body of Prince George's County may not authorize a payment deferral for county property tax for real property located in a development district established under Title 12, Subtitle 2 of the Economic Development Article.(b)(1) A payment deferral under this section begins on the effective date of the later of:(i) the Prince George's County law authorizing the payment deferral; or(ii) the change in zoning.(2) The payment deferral under this section does not apply to any taxable year before the effective date under paragraph (1)(i) of this subsection.(c)(1) The payment deferral under this section may not be authorized for more than 5 years and ends when:(i) a building permit is issued to construct a building on the land subject to this section; or(ii) except as provided in paragraph (2) of this subsection, the land subject to this section is rezoned at the request of the owner to a zoning classification that makes the land ineligible for county property tax deferral under this section.(2) If a permit is issued to construct a building on any land that is subject to this section and the remainder of the land meets the acreage requirements of subsection (a)(2)(i) of this section, the county property tax may be deferred on the remainder of the land.(d) The county property tax that is deferred under this section, and any interest specified in the law authorizing the deferral, are due on the earlier of: (1) 5 years from the deferral; or(2) when the deferral ends under subsection (c)(1) of this section.