Md. Code, Tax-Prop. § 7-518

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

Section 7-518 - Property owned by affordable housing land trust

(a) In this section, "affordable housing land trust" and "affordable housing land trust agreement" have the meanings stated in § 14-501 of the Real Property Article.

(b) The governing body of Frederick County may exempt real property from the Frederick County property tax if the real property is:

(1) owned by an affordable housing land trust; and

(2) not subject to an affordable housing land trust agreement.

Md. Code, TP § 7-518

Added by 2014 Md. Laws, Ch. 595,Sec. 1, eff. 6/1/2014.