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PARRIS N. GLENDENING, Governor
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Ch. 474
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(c) (1) Except as provided in paragraph (2) of this subsection, the land of a
country club OR GOLF COURSE that is actively used as a country club OR GOLF
COURSE that meets the requirements of § 8-212 of this subtitle OR GOLF COURSE
shall be valued [on the basis of that use and may not be valued on the basis of any
other use] USING THE HIGHEST USE VALUE RATES PER ACRE USED BY THE
DEPARTMENT FOR VALUING LAND THAT IS ELIGIBLE FOR AGRICULTURAL USE
ASSESSMENT UNDER § 8-209 OF THIS SUBTITLE AT RATES EQUIVALENT TO LAND
ASSESSED UNDER § 8-219 OF THIS SUBTITLE.
(2) If the land of a country club OR GOLF COURSE that meets the
requirements of § 8-212 of this subtitle OR GOLF COURSE has a greater MARKET
value than its value when used as a country club OR GOLF COURSE, the land shall
also be assessed on the basis of the greater value.
(3) Except as provided under § 8-216 of this subtitle, the property tax
payable by a country club OR GOLF COURSE under this section is based on the
assessment of the land under paragraph (1) of this subsection.
(4) If an assessment is made on the greater value under paragraph (2) of
this subsection, the assessment records for the country club OR GOLF COURSE shall
record the assessment under paragraphs (1) and (2) of this subsection.
(5) Any assessment of the land of a country club OR GOLF COURSE under
this section is effective on the date of finality next following the date of an agreement.
(D) (1) COURSE IMPROVEMENTS AT A COUNTRY CLUB OR GOLF COURSE,
SUCH AS TEES, GREENS, BUNKERS, FAIRWAYS, AND SIMILAR ITEMS, SHALL BE
VALUED BASED ON 50% OF THE CURRENT REPLACEMENT COST OF THE
IMPROVEMENTS.
(2) ANY ASSESSMENT OF THE COURSE IMPROVEMENTS OF A COUNTRY
CLUB OR GOLF COURSE UNDER THIS SECTION IS EFFECTIVE ON THE DATE OF
FINALITY NEXT FOLLOWING THE DATE OF AN AGREEMENT.
[(d)](E) (1) An agreement shall be for at least 10 consecutive years or for a
longer period as determined by the country club OR GOLF COURSE and the
Department.
(2) An agreement may be extended, but only in increments of at least 5
years.
(F) NOTWITHSTANDING SUBSECTIONS (C)(1) AND (D)(1) OF THIS SECTION, FOR
ANY TAXABLE YEAR BEGINNING AFTER JUNE 30, 2002:
(1) FOR ANY COUNTRY CLUB OR GOLF COURSE IN EXISTENCE ON
JANUARY 1, 2002, THE USE VALUE OF THE PROPERTY FOR PURPOSES OF THIS
SECTION SHALL BE THE GREATER OF;
(I) THE VALUE AS DETERMINED UNDER SUBSECTION (C)(1) OR
(D)(1) OF THIS SECTION; OR
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- 3783 -
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