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§ 6-102. Leaseholds

West's Annotated Code of MarylandTax-PropertyEffective: April 13, 2021

West's Annotated Code of Maryland
Tax-Property
Title 6. Taxable Property; Imposition of Tax; Setting Tax Rates
Subtitle 1. Taxable Property
Effective: April 13, 2021
MD Code, Tax - Property, § 6-102
§ 6-102. Leaseholds
Currentness
Leaseholds in property not subject to property tax, generally
(a) Except as otherwise provided in this section, a leasehold or other limited interest in property is not subject to property tax.
Interest of a life tenant or other freehold estate in property subject to tax
(b) An interest of a life tenant or the owner of any other freehold estate in property is subject to property tax as though the person in possession or the user of the property were the owner of the property.
Interest of mortgagor, pledgor, or conditional sale buyer subject to tax
(c) An interest of the mortgagor, pledgor, or conditional sale buyer in personal property is subject to property tax as though the person in possession or the user of the personal property were the owner of the personal property.
Other interests in real property subject to tax
(d) The following interests in real property are subject to property tax as though the person in possession or the user of the property were the owner of the property:
(1) an interest of a tenant under a 99-year lease, whether or not the lease is renewable;
(2) an interest of a tenant under a lease for less than 99 years, if the lease is perpetually renewable; and
(3) an interest of a mortgagor or grantor under a deed of trust.
Interest or privilege of a person in property owned by a governmental entity subject to tax
(e) Unless exempted under § 7-211, § 7-211.1, § 7-244, § 7-246, or § 7-501 of this article, the interest or privilege of a person in property that is owned by the federal government, the State, a county, a municipal corporation, or an agency or instrumentality of the federal government, the State, a county, or a municipal corporation is subject to property tax as though the lessee or the user of the property were the owner of the property, if the property is leased or otherwise made available to that person:
(1) by the federal government, the State, a county, a municipal corporation, or an agency or instrumentality of the federal government, the State, a county, or a municipal corporation; and
(2) with the privilege to use the property in connection with a business that is conducted for profit.

Credits

Added by Acts 1985, c. 8, § 2, eff. Feb. 1, 1986. Amended by Acts 1986, c. 171; Acts 1997, c. 423, § 1, eff. July 1, 1997; Acts 2005, c. 554, § 1, eff. June 1, 2005; Acts 2011, c. 240, § 2, eff. May 10, 2011; Acts 2017, c. 692, § 1, eff. July 1, 2017; Acts 2018, c. 313, § 1, eff. Oct. 1, 2018; Acts 2018, c. 314, § 1, eff. Oct. 1, 2018; Acts 2021, c. 109, § 1, eff. April 13, 2021.
MD Code, Tax - Property, § 6-102, MD TAX PROPERTY § 6-102
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.
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