Code of Maryland Regulations
Title 18 - DEPARTMENT OF ASSESSMENTS AND TAXATION
Subtitle 02 - REAL PROPERTY ASSESSMENTS
Chapter 18.02.09 - Rezoned Real Property
Section 18.02.09.02 - Payment of Penalty
Universal Citation: MD Code Reg 18.02.09.02
Current through Register Vol. 51, No. 6, March 22, 2024
A. If a residential use assessment is terminated under Tax-Property Article, §8-228(a), Annotated Code of Maryland, the homeowner who paid taxes based on the residential use assessment shall pay the penalty imposed by Tax-Property Article, §8-228(b), Annotated Code of Maryland.
B. If a part of any rezoned real property is:
(1) Subdivided by a recorded plat, the penalty is due and payable at the time the plat is recorded;
(2) Used for a purpose other than a residential use, the penalty is due and payable at the time the Department determines the other use to have begun; or
(3) Transferred to someone other than an immediate family member of the homeowner, the penalty is due and payable at the time the property is transferred on the assessment books or records.
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