Ch. 12 LAWS OF MARYLAND

EACH YEAR THEREAFTER, THE ASSESSMENT OF REAL PROPERTY IS 40%
OF ITS PHASED IN VALUE.

(2) The assessment of the real property described in § 8-102(b) of this
[section] SUBTITLE is 50% of its phased in use value.

8-213.

(c) (5) The valuation of the land of a country club that is subject to an
agreement under this section is adjusted as provided by [§ 8-103(d)(2)1 § 8-103(C)(2)
of this title. Any assessment of the land of a country club under this section is effective
on the date of finality next following the date of an agreement.

8-401.

(c) The notice for subsection (b)(l) of this section shall include:

(1) the amount of the current assessment;

(2) the amount of the current value;

(3) the amount of the proposed value including a statement that the total
amount of the proposed value is the value for purposes of appeal;

(4) the amount of the proposed value that will be the basis for the
assessment in each year of the 3-year cycle;

(5) the amount of the assessment for [the 1st] EACH year of the 3-year
cycle;

(6) [the amount of the assessment for the remaining 2 years of the cycle
based on the growth-factor applicable to the 1st year of the 3-year cycle including a
statement that the assessment for these years will be equal to or less than the amounts
shown on the notice;

(7)] a statement:

(i) indicating the right to appeal; and

(ii) briefly describing the appeal process and the rights during an
appeal; and

[(8)3 (7) a statement that valuation records are available as provided by §
14-201 of this article.

9-105.

(a) (1) In this section the following words have the meanings indicated.
(2) (i) "Dwelling" means^
1. a house that is:
1. A. used as the principal residence of the homeowner and

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