<?xml version='1.0' encoding='utf-8'?>
<regulation prefix="Regulation" num=".06" citation="COMAR 18.02.05.06" title_num="18" subtitle_num="02" chapter_num="05" heading="Valuation — Use Value.">
  <paragraph num="A.">
    <text>Land values shall be based upon Tax-Property Article, §8-213, Annotated Code of Maryland.</text>
  </paragraph>
  <paragraph num="B.">
    <text>Course improvements such as tees, greens, fairways, and similar items shall be based upon the cost of these improvements less applicable depreciation.</text>
  </paragraph>
  <paragraph num="C.">
    <text>Any land and improvements that are not devoted to country club or golf course use shall be valued at market value.</text>
  </paragraph>
  <paragraph num="D.">
    <text>The land used as a country club or golf course clubhouse site shall be valued at use value.</text>
  </paragraph>
</regulation>