Title 14. Procedure — Subtitle 4. Assessment Procedures
Statutes in effect as of October 1, 2026.
Md. Code Ann., Tax-Prop. § 14-401 (2026)
Title 14. Procedure
Subtitle 4. Assessment Procedures
§ 14–401LinkCopy Citation
(a)
If a person fails to submit the reports required in § 11-101 or § 11-102 of this article, the Department shall value the person’s personal property based on any information the Department can obtain and assess the personal property at not more than twice the estimated value.
(b)
An assessment under subsection (a) of this section does not excuse the person whose personal property is assessed from liability for:
(1)
property tax or other tax; or
(2)
a tax penalty or other penalty imposed by law.
Md. Code Ann., Tax-Prop. § 14-402 (2026)
Title 14. Procedure
Subtitle 4. Assessment Procedures
§ 14–402LinkCopy Citation
If personal property is assessed at less than its value as a result of the owner inaccurately reporting the cost or other information as to the property, the underassessed part of the property shall be treated as escaped property under § 8-417 of this article.