WILLIAM DONALD SCHAEFER, Governor

Ch. 2

(B)  APPLICATION FOR APPOINTMENT OF APPRAISERS.

IF AN INVENTORY IS NOT FILED AS REQUIRED BY § 7-225(C), (D),
OR (E) OF THIS SUBTITLE, THE REGISTER OF THE COUNTY WHERE THE
INVENTORY SHOULD HAVE BEEN FILED SHALL APPLY TO THE APPROPRIATE
COURT FOR THE APPOINTMENT OF AT LEAST 2 APPRAISERS TO VALUE THE
PROPERTY FOR WHICH AN INVENTORY SHOULD HAVE BEEN FILED AND THAT
COMES TO THE ATTENTION OF THE REGISTER.

(C)  ELECTION FOR SPECIAL VALUATION OF PROPERTY.

(1)  IF AN ELECTION IS MADE FOR THE SPECIAL VALUATION
OF PROPERTY UNDER § 7-211 OF THIS SUBTITLE, THE REGISTER SHALL:

(I)  GIVE THE DEPARTMENT NOTICE OF THE ELECTION;
AND

(II)  CAUSE A NOTICE OF INCHOATE LIEN TO BE
RECORDED IN THE LAND RECORDS OF THE COUNTY WHERE THE LAND IS
LOCATED.

(2)  THE NOTICE OF INCHOATE LIEN SHALL INCLUDE:

(I)  THE DATE OF DEATH OF THE DECEDENT; AND

(II)  ON THE BASIS OF THE FAIR MARKET VALUE OF
THE PROPERTY, THE DIFFERENCE BETWEEN THE INHERITANCE TAX ON THE
VALUE ELECTED UNDER § 7-211 OF THIS SUBTITLE AND THE INHERITANCE
TAX THAT WOULD OTHERWISE BE PAYABLE.

(3)  THE NOTICE SHALL BE INDEXED:

(I)  IN THE NAME OF THE REGISTER AS GRANTEE AND
IN THE NAME OF THE DISTRIBUTEE OF THE QUALIFYING PROPERTY AS THE
SURVIVING JOINT TENANT OR IN THE NAME OF THE PERSON RESPONSIBLE
FOR PAYING THE INHERITANCE TAX AS GRANTOR; AND

(II)  IN THE BLOCK RECORDS, IF MAINTAINED.

(4)  WHEN THE ADDITIONAL INHERITANCE TAX THAT IS DUE
IS PAID, THE REGISTER SHALL RECORD A RELEASE OF THE LIEN IN THE
LAND RECORDS OF THE COUNTY WHERE THE LAND IS LOCATED.

(D)  RECEIPT FOR TAX.

(1)  THE REGISTER SHALL GIVE A RECEIPT TO EACH PERSON
WHO PAYS INHERITANCE TAX.

(2)  THE RECEIPT DISCHARGES THE PERSON FROM LIABILITY
FOR THE AMOUNT OF THE INHERITANCE TAX THAT IS PAID.

(E)  ESTATE OF NONRESIDENT DECEDENT.

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