clear space clear space clear space white space
A
 r c h i v e s   o f   M a r y l a n d   O n l i n e
  Maryland State Archives | Index | Help | Search search for:
clear space
white space
Session Laws, 2004
Volume 801, Page 2415   View pdf image
 Jump to  
  << PREVIOUS  NEXT >>
clear space clear space clear space white space

ROBERT L. EHRLICH, JR., Governor                             Ch. 512

(i) establish their eligibility for bidding by presenting evidence of
the legal existence of the bidding entity that is satisfactory to the collector;

(ii) limit their representation at a tax sale to no more than a single
agent per bidding entity; and

(iii) refrain from any act, agreement, consent, or conspiracy to
suppress, predetermine, rig, or fix the bidding at the sale.

(5) (i) If determined by the collector to be in the best public interest
and included in the required public notice of the sale, the collector may solicit and
accept bids from the highest bidder for any group of properties to be sold at the tax
sale.

(ii) 1. Upon the request of any individual or group, the collector
may remove any individual property or properties from a group of properties to be
sold at the tax sale.

2. Upon the request of the property owner at least 15 days
before the date of the tax sale, the collector shall remove any individual property or
properties from a group of properties to be sold at the tax sale.

(iii) The collector shall provide notice to the potential bidders of any
alterations to a group of properties at the time the bidders become known.

(iv) The collector may conduct the sale of a group of properties
under this paragraph by a sealed bid process.

(v) Except in Montgomery County, the collector shall establish a
high-bid premium under subsection (b)(2) of this section for all properties to be sold:

1.       in groups; or

2.       by sealed bid process.

(b) (1) Except as provided in subsection (c) of this section, property may not
be sold for a sum less than the total amount of all taxes on the property that are
certified to the collector under § 14-810 of this subtitle, together with interest and
penalties on the taxes and the expenses incurred in making the sale, and the lien for
the taxes, interest, penalties, and expenses passes to the purchaser.

(2) (i) The collector may establish a high-bid premium to be applied to
all properties to be sold at the tax sale.

(ii) Except as provided in subparagraphs (iii) and (iv) of this
paragraph, the high-bid premium shall be 20% of the amount by which the highest
bid exceeds 40% of the property's full cash value.

(iii) Except as provided in subparagraph (iv) of this paragraph, in
Baltimore City AND PRINCE GEORGE'S COUNTY, the high-bid premium shall be 20%
of the amount by which the highest bid exceeds the greater of:

1. the lien amount; or
- 2415 -

 

clear space
clear space
white space

Please view image to verify text. To report an error, please contact us.
Session Laws, 2004
Volume 801, Page 2415   View pdf image
 Jump to  
  << PREVIOUS  NEXT >>


This web site is presented for reference purposes under the doctrine of fair use. When this material is used, in whole or in part, proper citation and credit must be attributed to the Maryland State Archives. PLEASE NOTE: The site may contain material from other sources which may be under copyright. Rights assessment, and full originating source citation, is the responsibility of the user.


Tell Us What You Think About the Maryland State Archives Website!



An Archives of Maryland electronic publication.
For information contact mdlegal@mdarchives.state.md.us.

©Copyright  August 17, 2024
Maryland State Archives