498

LAWS OF MARYLAND

Ch. 8

reported property.

The phrase "less than its value" is substituted for
the former phrase "at a lower valuation than it would
have been had it been reported accurately", for
brevity and clarity.

The word "owner" is substituted for the former word
"taxpayer", for clarity.

The reference to the "underassessed part" of the
property is substituted for the former reference to
"the portion of the property as to which the cost or
market value is unreported", for clarity.

The reference to the owner "inaccurately reporting the
value" is substituted for the former reference failure
to report "accurately the cost or other data required
to establish market value", for clarity and brevity.

The former reference to the taxpayer being "required
to report ... in such detail as to show the cost or
market value thereof" is deleted as superfluous in
light of § 11-101 of this article.

As to the liability and reimbursement rights of
persons having an interest in property, see § 5-101 of
this article.

As to real property that is escaped property, see §
8-417 of this article.

Defined terms: "Assess" § 1-101
"Property" § 1-101 "Value" § 1-101

SUBTITLE 5. APPEAL PROCEDURES AND JUDICIAL
PROCEDURES -- IN GENERAL.

14-501. "PETITION FOR REVIEW" DEFINED.

IN THIS SUBTITLE, "PETITION FOR REVIEW" MEANS A PETITION FOR
RECLASSIFICATION OR REVALUATION OF PROPERTY.

REVISOR'S NOTE: This section is new language added to avoid
repetition of the words "petition for reclassification
or revaluation of property".

Defined term: "Property" § 1-101

14-502. HEARING ON NOTICE OF PROPERTY ASSESSMENT MADE BY
SUPERVISOR.

(A) IN GENERAL.

(1) EXCEPT AS PROVIDED IN PARAGRAPH (2) OF THIS