§ 8–418
Statutes in effect as of October 1, 2026.
Md. Code Ann., Tax-Prop. § 8-418 (2026)
Title 8. Valuation and Assessment
Subtitle 4. Assessment Preparation and Modification
§ 8–418LinkCopy Citation
(a)
After any personal property that is subject to assessment by § 8-417(d) of this subtitle as escaped property is assessed, the Department shall determine if:
(1)
the owner failed to report accurately the cost or other information as to the escaped property; and
(2)
the failure to report accurately caused the escaped property to be assessed at less than its value.
(b)
(1)
Notice of the assessment of escaped property under § 8-417(d) of this subtitle and the imposition of any penalty under § 14-705 of this article shall be given as provided by § 14-402 of this article.
(2)
The notice shall separately state:
(i)
the assessment of the escaped property; and
(ii)
the penalty imposed under § 14-705 of this article.