Md. Code Regs. 18.02.09.02

Current through Register Vol. 51, No. 12, June 14, 2024

Section 18.02.09.02 - Payment of Penalty

A. If a residential use assessment is terminated under Tax-Property Article, §8-228(a), Annotated Code of Maryland, the homeowner who paid taxes based on the residential use assessment shall pay the penalty imposed by Tax-Property Article, §8-228(b), Annotated Code of Maryland.

B. If a part of any rezoned real property is:

(1) Subdivided by a recorded plat, the penalty is due and payable at the time the plat is recorded;

(2) Used for a purpose other than a residential use, the penalty is due and payable at the time the Department determines the other use to have begun; or

(3) Transferred to someone other than an immediate family member of the homeowner, the penalty is due and payable at the time the property is transferred on the assessment books or records.

Md. Code Regs. 18.02.09.02