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Current as of January 01, 2025 | Updated by Findlaw Staff
(a) For assessment purposes, property shall be divided into classes and subclasses.
(b) Real property is a class of property and is divided into the following subclasses:
(1) land that is actively devoted to farm or agricultural use, assessed under § 8-209 of this title;
(2) marshland, assessed under § 8-210 of this title;
(3) woodland, assessed under § 8-211 of this title;
(5) land that is used for a planned development, assessed under §§ 8-220 through 8-225 of this title;
(6) rezoned real property that is used for residential purposes, assessed under §§ 8-226 through 8-228 of this title;
(7) operating real property of a railroad;
(8) operating real property of a public utility;
(9) property valued under § 8-105(a)(3) of this subtitle;
(10) conservation property, assessed under § 8-209.1 of this title; and
(11) all other real property that is directed by this article to be assessed.
(c) Personal property is a class of property and is divided into the following subclasses:
(1) stock in business;
(2) distilled spirits;
(3) operating personal property of a railroad;
(4) operating personal property of a public utility that is machinery or equipment used to generate electricity or steam for sale;
(5) all other operating personal property of a public utility;
(6) machinery and equipment, other than operating personal property of a public utility, that is used to generate:
(i) electricity or steam for sale; or
(ii) hot or chilled water for sale that is used to heat or cool a building; and
(7) all other personal property that is directed by this article to be assessed.
Cite this article: FindLaw.com - Maryland Code, Tax-Property § 8-101 - last updated January 01, 2025 | https://codes.findlaw.com/md/tax-property/md-code-tax-property-sect-8-101/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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