# Tax - Property (GTP)

## Title 14. Procedure

### Subtitle 4. Assessment Procedures

#### 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)