Section 10-304 – Payment of Property Tax for Damaged Property
(a) As used in this section, “damaged property” means: (1) real property that is partially damaged or totally destroyed; or (2) personal property that is totally destroyed. (b) As to damaged property that should be removed from the assessment roll: (1) if the damage occurred during the 6-month period from the date of finality to the June 30 following, property […]
Section 10-305 – Proration of Personal Property Tax in Garrett and Washington Counties
The governing body of Garrett County or of Washington County may prorate the county property tax on personal property for the part of a taxable year during which a business actually does business in Garrett County or Washington County.
Section 10-401 – Owner Liability
Except as otherwise provided in this subtitle, the owner of property on the date of finality is liable for property tax that is imposed on that property for the following taxable year.
Section 10-402 – Liability for Property Transferred
(a) (1) Except for tax sales as provided by Title 14, Subtitle 8 of this article, if real property ownership is transferred on or after the date of finality and before the semiannual date of finality, the transferee is liable for the property tax on real property for the taxable year that begins after the transfer. (2) If […]
Section 10-403 – Liability for Leased Property
(a) The owner of property that is subject to the leasehold or other limited interest that is described in § 6–102(b) through (e) of this article is not liable for property tax on that property. However, the Department may impose the entire property tax liability due on the property to the tenant, bailee, custodian, or other […]
Section 11-101 – Annual Report Required for Certain Persons
(a) On or before April 15 of each year, a person shall submit an annual report to the Department if: (1) the person is a business trust, statutory trust, domestic corporation, limited liability company, limited liability partnership, or limited partnership; (2) the person is a foreign corporation, foreign statutory trust, foreign limited liability company, foreign limited liability partnership, […]
Section 11-102 – Reports on Personal Property
(a) The Department may require a person to submit to the Department a report on personal property that contains the information listed in subsection (b) of this section, if the person: (1) moves personal property to any county or municipal corporation from the county or municipal corporation where it was assessed; (2) moves personal property from outside this […]
Section 11-103 – Amended Report
(a) If a person who has filed a report under this title determines that information was not reported accurately, the person may file an amended report within 3 years after the April 15th that the original report was due. (b) A person filing an amended report under subsection (a) of this section may only claim an exemption […]
Section 12-103 – Rate of Tax
(a) (1) Except as provided in subsection (a–1) of this section, the recordation tax rates under this section are applied to each $500 or fraction of $500 of consideration payable or of the principal amount of the debt secured for an instrument of writing. (2) The consideration: (i) includes the amount of any mortgage or deed of trust assumed […]
Section 12-104 – Evidence of Consideration or Debt
(a) Except as provided in subsection (b) of this section, the consideration payable, including the amount of any mortgage or deed of trust assumed by the grantee, or the principal amount of the secured debt incurred, shall be described in: (1) the recitals or the acknowledgment of the instrument of writing; or (2) an affidavit under oath that […]