Home Table of Contents

§ 7-227. Personal property at individual's home

West's Annotated Code of MarylandTax-PropertyEffective: June 1, 2022

West's Annotated Code of Maryland
Tax-Property
Title 7. Property Tax Exemptions
Subtitle 2. General Property Tax Exemptions
Effective: June 1, 2022
MD Code, Tax - Property, § 7-227
§ 7-227. Personal property at individual's home
In general
(a) Except for personal property used in connection with a business, occupation, or profession, personal property owned by an individual and located at the individual's place of residence is not subject to valuation or to property tax.
Personal property owned by an individual, in a residence, and used for family child care
(b) Notwithstanding subsection (a) of this section, personal property is not subject to valuation or to property tax if the personal property is:
(1) owned by an individual;
(2) located at the individual's place of residence; and
(3) used in connection with a family child care home that is registered under Title 5, Subtitle 5, Part V of the Family Law Article.
Personal property used in connection with a business in individual’s home and less than $10,000.
(c)(1) Notwithstanding subsection (a) of this section, personal property is not subject to valuation or to property tax if:
(i) the personal property is owned by an individual and is used in connection with a business, occupation, or profession that is located at the individual's principal residence; and
(ii) the sum total of the personal property, excluding vehicles exempt under § 7-230 of this subtitle, had a total original cost of less than $20,000.
(2) If the individual attests to owning a sum total of personal property with an original cost of less than $20,000, the Department may not:
(i) collect personal property information from the individual; or
(ii) require the individual to submit a personal property tax return.

Credits

Added by Acts 1985, c. 8, § 2, eff. Feb. 1, 1986. Amended by Acts 1996, c. 109, § 1, eff. June 1, 1996; Acts 1998, c. 589, § 1, eff. Oct. 1, 1998; Acts 1998, c. 590, § 1, eff. Oct. 1, 1998; Acts 2011, c. 564, § 3, eff. Jan. 1, 2012; Acts 2022, c. 327, § 1, eff. June 1, 2022; Acts 2022, c. 328, § 1, eff. June 1, 2022.
Formerly Art. 81, § 9A.
MD Code, Tax - Property, § 7-227, MD TAX PROPERTY § 7-227
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