# Tax - Property (GTP)

## Title 7. Property Tax Exemptions

### Subtitle 2. General Property Tax Exemptions

#### Section 7-246

(a) In this section, "Pimlico racing facility site" and "training facility site" have the meanings stated in Sec. 10-601 of the Economic Development Article.

(b) An interest of a person in an improvement at the Pimlico racing facility site or training facility site or an interest of a person in the real property of the Pimlico racing facility site or training facility site is not subject to property tax for the duration of:

  (1) with respect to the Pimlico racing facility site, the long-term agreement described under Sec. 10-646.1(d) of the Economic Development Article; or

  (2) with respect to the training facility site, the long-term agreement described under Sec. 10-646.1(d) of the Economic Development Article.

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