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LAWS OF MARYLAND

Ch. 8

(C)  ASSESSMENT OF OPERATING PROPERTY.

(1)  FROM THE VALUE ALLOCATED TO THIS STATE UNDER
SUBSECTION (B) OF THIS SECTION, THE DEPARTMENT SHALL DEDUCT:

(I)  THE ASSESSMENT OF OPERATING LAND; AND

(II)  THE ASSESSMENT OF OPERATING PROPERTY, IF
ANY, THAT IS EXEMPT BY LAW FROM PROPERTY TAX.

(2)  THE VALUE REMAINING AFTER MAKING THE DEDUCTIONS
IS THE ASSESSMENT. OF THE OPERATING PROPERTY OF A RAILROAD.

(3)  OPERATING LAND OF A RAILROAD IS VALUED AND
ASSESSED AS THE LAND ADJACENT TO THE RAILROAD'S OPERATING LAND IS
VALUED AND ASSESSED.

(D)  APPORTIONMENT OF VALUE TO COUNTIES AND MUNICIPAL
CORPORATIONS.

(1)  IF OPERATING PROPERTY IS LOCATED PERMANENTLY IN
MORE THAN 1 COUNTY OR MUNICIPAL CORPORATION, THE DEPARTMENT SHALL
APPORTION THE ASSESSMENT OF THAT OPERATING PROPERTY AMONG THE
COUNTIES AND MUNICIPAL CORPORATIONS WHERE THE OPERATING PROPERTY
IS LOCATED.

(2)  IF OPERATING PROPERTY IS NOT LOCATED PERMANENTLY
IN A COUNTY OR A MUNICIPAL CORPORATION, THE DEPARTMENT SHALL
APPORTION THE ASSESSMENT OF THAT OPERATING PROPERTY AMONG THE
COUNTIES AND MUNICIPAL CORPORATIONS ON THE BASIS OF THE RATIO OF
THE ALL TRACK MILEAGE, EXCLUDING TRACKAGE RIGHTS, OF THE RAILROAD
OPERATED IN EACH COUNTY AND ANY MUNICIPAL CORPORATION, TO THE
TOTAL OF ALL TRACK MILEAGE, EXCLUDING TRACKAGE RIGHTS, OPERATED
IN THIS STATE.

(E)  REGULATIONS.

THE DEPARTMENT MAY ADOPT REGULATIONS TO CARRY OUT THE
PROVISIONS OF THIS SECTION.

REVISOR'S NOTE: Subsections (a) through (d) of this section
are new language substituted for former Art. 81, §§
14(b)(4), 16, and 18, as those sections related to
railroad property.

Subsection (e) of this section is new language added
to permit the Department flexibility in managing a
particularly complex area.

Defined terms: "Assess" § 1-101

"Assessment" § 1-101 "County" § 1-101

"Department" § 1-101 "Law" § 1-101

"Municipal corporation" § 1-101

"Operating property" § 1-101 "Operating unit" § 1-101

"Property tax" § 1-101 "Value" § 1-101