Ch. 416                                    2004 LAWS OF MARYLAND

(c) Except as provided by § 8-224 of this subtitle, property tax due on planned
development land shall be based on the assessment of the land under this section and
not on a greater assessment determined under § 8-223 of this subtitle.

8-223.

(a)     If land assessed under § 8-222 of this subtitle has a greater value than its
value as planned development land, the land shall be assessed on the basis of both the
greater value and the assessment under § 8-222 of this subtitle. When land is
assessed under this section on the greater value, both assessments shall be recorded
in the assessment records.

(b)     Any assessment made under this section or § 8-222 of this subtitle is
subject to the notice and appeal procedures of this article for real property.

8-224.

(a)     (1) If a part of any land that meets the requirements of § 8-221 of this
subtitle is subdivided by a recorded plat or is improved by the construction of
permanent buildings, the assessment of that part under § 8-222 of this subtitle shall
be terminated, and the part shall be assessed as provided under § 8-205 of this
subtitle.

(2) The remaining part of the land described under paragraph (1) of this
subsection may continue to be assessed under § 8-222 of this subtitle if the remainder
meets all of the requirements of § 8-221 of this subtitle other than the 500-acre
requirement.

(b)     (1) If a part of any land that meets the requirements of § 8-221 of this
subtitle is rezoned at the request of the owner to a zoning classification that does not
meet the requirements of § 8-221 of this subtitle, the assessment of that part under §
8-222 of this subtitle shall be terminated and the part shall be assessed at the greater
value determined under § 8-223 of this subtitle.

(2)     When a property is assessed under paragraph (1) of this subsection, a
deferred property tax is due for the amount of the difference, if any, between the
assessment of the land under § 8-222 of this subtitle and the assessment under §
8-223 of this subtitle for each year in which the assessment was determined under §
8-222 of this subtitle.

(3)     The total of the deferred property tax due may not exceed 4% of the
assessment under § 8-223 of this subtitle in effect at the time of rezoning under
paragraph (1) of this subsection.

(4)     The proceeds of the deferred property tax are collected and
distributed as provided by Title 13 of this article.

8-225.

Planning and zoning agencies in the counties shall provide the supervisors with
copies of all official papers, plans, or maps necessary to implement the provisions of
§§ 8-220 through 8-224 of this subtitle.

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