Md. Code, Tax-Prop. § 7-245

Current with changes from the 2024 legislative session from Chs. 2 through 1049, effective on or before 6/1/2024
Section 7-245 - Exemption for low assessments
(a) A person's personal property is not subject to valuation or to property tax if all of the person's personal property statewide had a total original cost of less than $20,000.
(b) If the person attests to owning a sum total of personal property with an original cost of less than $20,000, the Department may not:
(1) collect personal property information from the person; or
(2) require the person to submit a personal property tax return.

Md. Code, TP § 7-245

Amended by 2022 Md. Laws, Ch. 328, Sec. 1, eff. 6/1/2022.
Amended by 2022 Md. Laws, Ch. 327, Sec. 1, eff. 6/1/2022.
Added by 2018 Md. Laws, Ch. 102, Sec. 1, eff. 7/1/2018.