Md. Code, Tax-Prop. § 14-705

Current with changes from the 2024 legislative session from Chs. 2 through 1049, effective on or before 6/1/2024

Section 14-705 - Tax penalty - When inaccurately reported property assessed

If an escaped property assessment of personal property is made under § 8-417 of this article, an additional assessment penalty equal to 20% of the escaped property assessment shall be added to the assessment of the personal property.

Md. Code, TP § 14-705