§ 8-224. Subdividing or rezoning of planned development land
West's Annotated Code of MarylandTax-Property
MD Code, Tax - Property, § 8-224
§ 8-224. Subdividing or rezoning of planned development land
(a)(1) If a part of any land that meets the requirements of § 8-221 of this subtitle is subdivided by a recorded plat or is improved by the construction of permanent buildings, the assessment of that part under § 8-222 of this subtitle shall be terminated, and the part shall be assessed as provided under § 8-104 of this title.
(b)(1) If a part of any land that meets the requirements of § 8-221 of this subtitle is rezoned at the request of the owner to a zoning classification that does not meet the requirements of § 8-221 of this subtitle, the assessment of that part under § 8-222 of this subtitle shall be terminated and the part shall be assessed at the greater value determined under § 8-223 of this subtitle.
(2) When a property is assessed under paragraph (1) of this subsection, a deferred property tax is due for the amount of the difference, if any, between the assessment of the land under § 8-222 of this subtitle and the assessment under § 8-223 of this subtitle for each year in which the assessment was determined under § 8-222 of this subtitle.
Credits
Added by Acts 1985, c. 8, § 2, eff. Feb. 1, 1986. Amended by Acts 2000, c. 80, § 1, eff. Oct. 1, 2000; Acts 2004, c. 25, § 1, eff. April 13, 2004; Acts 2004, c. 416, § 1, eff. June 1, 2009.
Formerly Art. 81, § 19.
MD Code, Tax - Property, § 8-224, MD TAX PROPERTY § 8-224
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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