Home Table of Contents

§ 13-409. Residentially improved owner-occupied real property

West's Annotated Code of MarylandTax-Property

West's Annotated Code of Maryland
Tax-Property
Title 13. Transfer Taxes
Subtitle 4. County Transfer Taxes--in General
MD Code, Tax - Property, § 13-409
§ 13-409. Residentially improved owner-occupied real property
Currentness
Required statement
(a) Any county having a county transfer tax may provide for an exemption from the tax for an instrument of writing for residentially improved owner-occupied real property if the instrument of writing is accompanied by a statement under oath signed by each grantee or an agent of the grantee that:
(1)(i) the grantee is an individual who has never owned in the State residential real property that has been the individual's principal residence; and
(ii) the residence will be occupied by the grantee as the grantee's principal residence; or
(2)(i) the grantee is a co-maker or guarantor of a purchase money mortgage or purchase money deed of trust as defined in § 12-108(i) of this article for the property; and
(ii) the grantee will not occupy the residence as the co-maker's or guarantor's principal residence.
Required contents of the statement
(b) A statement under subsection (a) of this section by an agent of a grantee shall state that the statement:
(1) is based on a diligent inquiry made by the agent with respect to the facts set forth in the statement; and
(2) is true to the best of the knowledge, information, and belief of the agent.

Credits

Added by Acts 1995, c. 123, § 2, eff. Sept. 1, 1995. Amended by Acts 2001, c. 287, § 1, eff. July 1, 2001.
MD Code, Tax - Property, § 13-409, MD TAX PROPERTY § 13-409
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document