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ROBERT L. EHRLICH, JR., Governor S.B. 361
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article - Tax - Property
8-101.
(b) Real property is a class of property and is divided into the following
subclasses:
(1) land that is actively devoted to farm or agricultural use, assessed
under § 8-209 of this title;
(2) marshland, assessed under § 8-210 of this title; .
(3) woodland, assessed under § 8-211 of this title;
(4) land of a country club or golf course, assessed under §§ 8-212 through
8-217 of this title;
(5) land that is used for a planned development, assessed under §§ 8-220
through 8-225 of this title;
(6) rezoned real property that is used for residential purposes, assessed
under §§ 8-226 through 8-228 of this title;
(7) operating real property of a railroad;
(8) operating real property of a public utility;
(9) property valued under § 8-105(a)(3) of this subtitle; [and]
(10). CONSERVATION PROPERTY, ASSESSED UNDER § 8-209.1 OF THIS
TITLE; AND
(11) all other real property that is directed by this article to be assessed.
8-209.1.
(A) IN THIS SECTION:
(1) SUBJECT TO ITEM (2) OF THIS SUBSECTION, "CONSERVATION
PROPERTY" HAS THE MEANING STATED IN § 9-107 OF THIS ARTICLE; AND
(2) "CONSERVATION PROPERTY" INCLUDES:
(I) LAND THAT IS SUBJECT TO A PERPETUAL CONSERVATION
EASEMENT THAT WAS ACCEPTED AND APPROVED BY THE BOARD OF PUBLIC WORKS
ON OR BEFORE JUNE 30, 1986; AND
(II) LAND AS TO WHICH THE PROPERTY TAX CREDIT UNDER § 9-107
OF THIS ARTICLE IS GRANTED, EVEN AFTER THE EXPIRATION OF THE TAX CREDIT.
(B) CONSERVATION PROPERTY SHALL BE VALUED AT A RATE EQUIVALENT TO
THE HIGHEST RATE THAT IS USED TO VALUE LAND THAT IS ELIGIBLE FOR
AGRICULTURAL USE ASSESSMENT UNDER § 8-209 OF THIS SUBTITLE.
- 3057 -
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