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§ 8-220. Planned development of land, necessity

West's Annotated Code of MarylandTax-Property

West's Annotated Code of Maryland
Tax-Property
Title 8. Valuation and Assessment
Subtitle 2. Assessment Procedures
Part II. Use Assessments
MD Code, Tax - Property, § 8-220
§ 8-220. Planned development of land, necessity
Public interest
(a) The General Assembly states that it is in the public interest to provide for the development of lands in a planned manner.
Purpose
(b) The development of lands in a planned manner is necessary to:
(1) obtain economic and environmental benefits;
(2) relieve economic pressures that result from the assessment of planned development land at levels inconsistent with planned development;
(3) aid the assembly of land for planned development land;
(4) facilitate cooperation among landowners; and
(5) permit holding of planned development land in an undeveloped status for orderly and staged improvement, particularly for the development of new communities.

Credits

Added by Acts 1985, c. 8, § 2, eff. Feb. 1, 1986. Amended by Acts 2004, c. 416, § 1, eff. June 1, 2009.
Formerly Art. 81, § 19.
MD Code, Tax - Property, § 8-220, MD TAX PROPERTY § 8-220
Current with all legislation from the 2021 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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