§ 7–211
Statutes in effect as of October 1, 2026.
Md. Code Ann., Tax-Gen. § 7-211 (2026)
Title 7. Death Taxes
Subtitle 2. Inheritance Tax
§ 7–211LinkCopy Citation
(a)
The person responsible for paying the inheritance tax may elect to value real property, for purposes of the inheritance tax:
(1)
at its most recent real property assessment plus any inflation allowance if, for the 5 years immediately before the date of the death of the decedent, the real property qualifies under § 8-209 or § 8-211 of the Tax - Property Article as farmland or woodland; or
(2)
based on its actual use on the date of the decedent’s death if the real property qualifies as National Register property by a listing in the National Register of Historic Places, whether as a separate property or as a part of a listed district.
(b)
(1)
To elect a valuation under subsection (a) of this section, the person responsible for paying the inheritance tax shall file with the register a statement that:
(i)
contains a written election of a valuation under subsection (a) of this section, in the form and manner that the Comptroller requires; and
(ii)
describes the qualifying real property in reasonable detail, including its fair market value.
(2)
The statement shall be filed:
(i)
with the administration account that affects the distribution of the qualifying real property; or
(ii)
if the qualifying real property is not subject to formal administration, with the report or inventory required under § 7-224 or § 7-225(c) or (d) of this subtitle.