2128                                          LAWS OF MARYLAND                                     Ch. 295

CHAPTER 295

(House Bill 347)

AN ACT concerning

Property Tax - Revaluation of Property

FOR the purpose of clarifying the procedures to be used by the
Department of Assessments and Taxation when revaluing real
property under certain conditions.

BY repealing and reenacting, with amendments,

Article - Tax - Property
Section 8-104(c)
Annotated Code of Maryland

(As enacted by Chapter ____ (S.B. 1) of the

Acts of the General Assembly of 1985)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article - Tax - Property

8-104.

(c) (1) In any year of a 3-year cycle, real property shall
be revalued if any of the factors listed below causes a change in
the value of the real property:

(i) the zoning classification is changed;

(ii) a substantial change in use occurs;

(iii) extensive improvements are made; or

(iv) an error in calculation or measurement of
the improvements caused the value to be clearly erroneous.

(2) When real property is revalued under this
subsection, the Department or supervisor shall:

(i) determine the value as if the revaluation
had occurred in the year that immediately precedes the 1st year
of the 3-year cycle; [and]

(II) DETERMINE THE VALUE THAT WOULD HAVE

RESULTED IF THE REVALUATION HAD OCCURRED IN THE 1ST YEAR OF A
3-YEAR CYCLE; AND