2050

LAWS OF MARYLAND

Ch. 573

EXERCISE ALL OF THE ASSESSMENT APPEAL PROCEDURES PROVIDED BY
LAW.

(2) AN AFFIDAVIT FROM A LICENSED REAL ESTATE
BROKER OR PROFESSIONAL REAL ESTATE APPRAISER, STATING THAT
THE FAIR MARKET VALUE OF THE PROPERTY IS LESS THAN THE
CURRENT VALUE ON WHICH THE ASSESSMENT WAS BASED, IS DEEMED
TO BE A SUBSTANTIAL REASON.

(3) AN APPEAL PURSUANT TO THIS SUBSECTION MAY
NOT BE ALLOWED UNLESS THE DEMAND IS MADE PRIOR TO THE
FEBRUARY 15 IMMEDIATELY PRECEDING THE TAXABLE YEAR INVOLVED.

(4) AN APPEAL PURSUANT TO THIS SECTION MAY NOT
RESULT IN AN ASSESSED VALUATION HIGHER THAN THE VALUATION
APPEALED FROM.

248.

(a) (2) (i) In Baltimore City, to augment the members
of the board created in paragraph (1), there shall be
additional members appointed as provided in that paragraph,
so that the membership totals 12. Each of the additional
members shall be appointed for a term not extending beyond,
July 1, [1980] 1981 and (b) does not apply to them. If a
vacancy occurs among the additional members, a replacement
member may likewise be appointed for the remainder of the
term.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1980.

Approved May 20, 1980.

CHAPTER 574

(Senate Bill 768)

AN ACT concerning

Maryland Joint Insurance Association

FOR the purpose of authorizing the Maryland Joint Insurance
Association to bind certain eligible risks, to use
reasonable premium installment payment plans, and to
establish reasonable service standards in the program
of operation for expanded insurance coverage for urban
homeowners broadening representation of the Maryland
Joint Insurance Association governing committee by
including public representation; to provide for the
addition of coverages to be provided by the Joint
Insurance Association; to provide for a method of
recoupment by member insurers of certain assessments