Current with changes from the 2024 Legislative Session from Chs. 2-716, effective on or before 6/1/2024
Section 7-204 - Tax rate(a) In this section, "clear value" means fair market value minus expenses.(b) The inheritance tax rate is 10% of the clear value of the property that passes from a decedent.(c) If a decedent died on or before May 31, 1975, the rate of the inheritance tax is the rate in effect on the date of the decedent's death.