§ 7–245
Statutes in effect as of October 1, 2026.
Md. Code Ann., Tax-Prop. § 7-245 (2026)
Title 7. Property Tax Exemptions
Subtitle 2. General Property Tax Exemptions
§ 7–245LinkCopy Citation
(a)
A person’s personal property is not subject to valuation or to property tax if all of the person’s personal property statewide had a total original cost of less than $20,000.
(b)
If the person attests to owning a sum total of personal property with an original cost of less than $20,000, the Department may not:
(1)
collect personal property information from the person; or
(2)
require the person to submit a personal property tax return.