# Tax - Property (GTP)

## Title 14. Procedure

### Subtitle 4. Assessment Procedures

#### Section 14-401

(a) If a person fails to submit the reports required in Sec. 11-101 or Sec. 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.

#### Section 14-402

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 Sec. 8-417 of this article.

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Md. Code Ann., Tax-Prop. (as displayed at mgaleg.maryland.gov, October 16, 2026)