Code of Maryland Regulations
Title 18 - DEPARTMENT OF ASSESSMENTS AND TAXATION
Subtitle 05 - AGRICULTURAL LAND TRANSFER TAX
Chapter 18.05.01 - Administration
Section 18.05.01.01 - Rates of Tax
Current through Register Vol. 51, No. 6, March 22, 2024
A. The agricultural land transfer tax (tax) rates are as follows:
B. Reduction in Tax. Except as provided in Tax-Property Article, § 13-305(b)(2) or (c)(4), Annotated Code of Maryland, the agricultural land transfer tax is reduced by:
C. In addition to the agricultural land transfer tax imposed under this subtitle, certain counties may impose county agricultural land transfer tax.
D. In addition to the agricultural land transfer tax, a surcharge in an amount equal to 25 percent of the tax is imposed on an instrument of writing that transfers title to agricultural land, except for an instrument of writing that transfers property of 2 acres or less to be improved to a child or grandchild of the owner