# Tax - Property (GTP)

## Title 8. Valuation and Assessment

### Subtitle 1. General Provisions and Valuation

#### Section 8-101

(a) For assessment purposes, property shall be divided into classes and subclasses.

(b) Real property is a class of property and is divided into the following subclasses:

  (1) land that is actively devoted to farm or agricultural use, assessed under Sec. 8-209 of this title;

  (2) marshland, assessed under Sec. 8-210 of this title;

  (3) woodland, assessed under Sec. 8-211 of this title;

  (4) land of a country club or golf course, assessed under Sec.Sec. 8-212 through 8-217 of this title;

  (5) land that is used for a planned development, assessed under Sec.Sec. 8-220 through 8-225 of this title;

  (6) rezoned real property that is used for residential purposes, assessed under Sec.Sec. 8-226 through 8-228 of this title;

  (7) operating real property of a railroad;

  (8) operating real property of a public utility;

  (9) property valued under Sec. 8-105(a)(3) of this subtitle;

  (10) conservation property, assessed under Sec. 8-209.1 of this title; and

  (11) all other real property that is directed by this article to be assessed.

(c) Personal property is a class of property and is divided into the following subclasses:

  (1) stock in business;

  (2) distilled spirits;

  (3) operating personal property of a railroad;

  (4) operating personal property of a public utility that is machinery or equipment used to generate electricity or steam for sale;

  (5) all other operating personal property of a public utility;

  (6) machinery and equipment, other than operating personal property of a public utility, that is used to generate:

    (i) electricity or steam for sale; or

    (ii) hot or chilled water for sale that is used to heat or cool a building; and

  (7) all other personal property that is directed by this article to be assessed.

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