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

West's Annotated Code of MarylandTax-Property

West's Annotated Code of Maryland
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
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.


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 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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