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§ 7-215. Housing authorities

West's Annotated Code of MarylandTax-Property

West's Annotated Code of Maryland
Tax-Property
Title 7. Property Tax Exemptions
Subtitle 2. General Property Tax Exemptions
MD Code, Tax - Property, § 7-215
§ 7-215. Housing authorities
“Authority” defined
(a) In this section, “authority” means an authority as defined in § 12-101 of the Housing and Community Development Article.
In general
(b) Subject to subsection (c) of this section, the property of an authority is not subject to property tax.
Payments by authority
(c)(1) An authority shall make a payment, if any, to the county and any municipal corporation that has a population of more than 1,000 in which any part of the exempt property is located in an amount determined by agreement with the county and the municipal corporation.
(2) The payment may not be greater than the property tax that would have been payable without this section.
Property tax abated
(d) Notwithstanding § 7-104 of this title and after filing the application provided by § 7-103 of this title, property tax on any property that becomes exempt under this section is abated from the date during the taxable year when the instrument transferring title to the authority was recorded.

Credits

Added by Acts 1985, c. 8, § 2, eff. Feb. 1, 1986. Amended by Acts 1986, c. 171; Acts 1995, c. 3, § 1, eff. March 7, 1995; Acts 2006, c. 64, § 1, eff. Oct. 1, 2006.
Formerly Art. 81, § 9.
MD Code, Tax - Property, § 7-215, MD TAX PROPERTY § 7-215
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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