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§ 9-107. Credit for conservation property

West's Annotated Code of MarylandTax-Property

West's Annotated Code of Maryland
Tax-Property
Title 9. Property Tax Credits and Property Tax Relief
Subtitle 1. Statewide Mandatory
MD Code, Tax - Property, § 9-107
§ 9-107. Credit for conservation property
Currentness
“Conservation property” defined
(a) In this section, “conservation property” means land that is:
(1) unimproved;
(2) not used for commercial purposes; and
(3) subject to a perpetual conservation easement that is:
(i) donated to the Department of Natural Resources or the Maryland Environmental Trust and identifies the Department of Natural Resources or the Maryland Environmental Trust as a grantee under Title 3, Subtitle 2 of the Natural Resources Article; and
(ii) accepted and approved by the Board of Public Works after June 30, 1986.
In general
(b) There shall be a property tax credit granted under this section against the property tax imposed on conservation property.
Application for tax credit
(c) On or before October 1 of the taxable year for which property tax relief under this section is sought, an owner of conservation property may apply to the Department for the property tax credit. The application shall be made on the form that the Department provides.
Amount of tax credit
(d) The property tax credit provided under this section shall be granted against 100% of all property tax that otherwise would be due.
Value and assessment of conversation property
(e) Conservation property shall be valued and assessed as provided in § 8-209.1 of this article.
Time limitation on tax credit
(f) A property tax credit granted under this section is effective for 15 consecutive tax years beginning July 1 following the donation of the easement.

Credits

Added by Acts 1986, c. 621. Amended by Acts 2004, c. 379, § 1, eff. July 1, 2004; Acts 2006, c. 489, § 1, eff. June 1, 2006.
MD Code, Tax - Property, § 9-107, MD TAX PROPERTY § 9-107
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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