§ 14–509
Statutes in effect as of October 1, 2026.
Md. Code Ann., Real Prop. § 14-509 (2026)
Title 14. Miscellaneous Rules
Subtitle 5. Affordable Housing Land Trusts
§ 14–509LinkCopy Citation
(a)
In any assessment for tax purposes of property subject to an affordable housing land trust agreement, the property shall be assessed based on its market value subject to any restrictions in the affordable housing land trust agreement.
(b)
The assessment shall note that the sale was not an arms–length transfer on the property tax record.