§ 7–221
Statutes in effect as of October 1, 2026.
Md. Code Ann., Tax-Prop. § 7-221 (2026)
Title 7. Property Tax Exemptions
Subtitle 2. General Property Tax Exemptions
§ 7–221LinkCopy Citation
(a)
Personal property is not subject to valuation or to property tax, if the personal property is owned by:
(1)
a financial institution as defined in § 8-101(c) of the Tax - General Article other than a savings and loan association as defined in § 7-221.1 of this subtitle; or
(2)
a federal or State chartered credit union.
(b)
This exemption does not include any personal property that is leased, loaned, or made available by the institution for the use of a person whose business is not that of the institution.