Md. Code, Tax-Prop. § 7-205

Current with changes from the 2024 Legislative Session

Section 7-205 - Community water systems

Property that is owned by any nonprofit community water corporation is not subject to property tax if the corporation:

(1) is owned by a majority of the lot owners in the area that the water system serves; and

(2) charges a rate that is sufficient only to pay for the cost of operating the system.

Md. Code, TP § 7-205