# Tax - Property (GTP)

## Title 7. Property Tax Exemptions

### Subtitle 2. General Property Tax Exemptions

#### Section 7-245

(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.

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