<?xml version='1.0' encoding='utf-8'?>
<baltimore-city-law heading="§ 14-5 Property tax.">
  <section prefix="§" num="14-5" heading="Property tax.">
    <para num="(a)" heading="Advertisements.">If a seller of real property provides property tax information as part of an advertisement, that information must indicate, at a minimum:<para num="(1)">the tax year for which the information is being provided; and</para>
      <para num="(2)">the product of:<para num="(i)">the sum of the State and local property tax rates, multiplied by</para>
        <para num="(ii)">the full assessed value for the tax year indicated.</para>
      </para>
    </para>
    <para num="(b)" heading="Estimate of closing costs.">Property tax information to be provided as part of a good-faith estimate of closing costs must be based on the product of:<para num="(1)">the sum of the State and local property tax rates, multiplied by</para>
      <para num="(2)">the full assessed value for the tax year immediately following the purchase date of the property.</para>
    </para>
    <para num="(c)" heading="Penalties.">Any person who violates any provision of this section is guilty of a misdemeanor and, on conviction, is subject to a fine of not more than $1,000 for each offense.</para>
    <annotation type="History">Ord. 09-162</annotation>
    <annotation type="History">Ord. 12-053</annotation>
  </section>
</baltimore-city-law>
