Md. Code Regs. 18.02.05.06

Current through Register Vol. 52, No. 1, January 10, 2025

Section 18.02.05.06 - Valuation - Use Value

A. Land values shall be based upon Tax-Property Article, § 8-213, Annotated Code of Maryland.

B. Course improvements such as tees, greens, fairways, and similar items shall be based upon the cost of these improvements less applicable depreciation.

C. Any land and improvements that are not devoted to country club or golf course use shall be valued at market value.

D. The land used as a country club or golf course clubhouse site shall be valued at use value.

Md. Code Regs. 18.02.05.06

Regulation .06 amended effective 49:2 Md. R. 78, eff. 1/24/2022