§ 7–204
Statutes in effect as of October 1, 2026.
Md. Code Ann., Tax-Gen. § 7-204 (2026)
Title 7. Death Taxes
Subtitle 2. Inheritance Tax
§ 7–204LinkCopy Citation
(a)
In this section, “clear value” means fair market value minus expenses.
(b)
The inheritance tax rate is 10% of the clear value of the property that passes from a decedent.
(c)
If a decedent died on or before May 31, 1975, the rate of the inheritance tax is the rate in effect on the date of the decedent’s death.