reglab/housing_qa huggingface dataset:
MD. Tax - Property Code Ann. §  7-511 (2021)
2021 Maryland Statutes|Tax - Property|Title 7 - Property Tax Exemptions|Subtitle 5 - County Exemptions -- Optional; Payments in Lieu of Taxes|Section 7-511 - Reduction or Elimination of Percentage of Assessment of Taxable Personal Property in Garrett County

    (a)    Subject to subsection (b) of this section, the governing body of Garrett County may reduce, by law, the percent of the assessment on one or more classes or subclasses of personal property listed under § 8-101 of this article.    (b)    (1)    If Garrett County reduces or eliminates the percentage of assessment of taxable personal property under subsection (a) of this section, Garrett County shall submit a copy of the law to the Department.        (2)    If the Department receives a copy of the law on or before March 1, the change shall be effective for the taxable year following the date the law is enacted.
MD. Tax - Property Code Ann. §  7-511.1 (2021)
2021 Maryland Statutes|Tax - Property|Title 7 - Property Tax Exemptions|Subtitle 5 - County Exemptions -- Optional; Payments in Lieu of Taxes|Section 7-511.1 - Garrett County -- Garrett Information Enterprise Center

    (a)    In this section, “business incubator” has the meaning stated in § 9–247 of this article.    (b)    The governing body of Garrett County may exempt from the county property tax real property that is:        (1)    owned by the Garrett College Board of Trustees;        (2)    known as the Garrett Information Enterprise Center; and        (3)    used as a business incubator.
MD. Tax - Property Code Ann. §  7-512 (2021)
2021 Maryland Statutes|Tax - Property|Title 7 - Property Tax Exemptions|Subtitle 5 - County Exemptions -- Optional; Payments in Lieu of Taxes|Section 7-512 - Agreement for Negotiated Payment in Lieu of Taxes for Electricity Facilities in Cecil County

    (a)    (1)    The governing body of Cecil County may enter into an agreement with the owner of a facility for the generation of electricity that locates in Cecil County for a negotiated payment by the owner in lieu of taxes on the facility.        (2)    An agreement for a negotiated payment in lieu of taxes under this section shall provide that, for the term specified in the agreement:            (i)    the owner shall pay to Cecil County a specified amount each year in lieu of the payment of Cecil County property tax; and            (ii)    all or a specified part of the real and personal property at the facility shall be exempt from Cecil County property tax for the term of the agreement.    (b)    As specified in an agreement for a negotiated payment in lieu of taxes under this section, for the term specified in the agreement, the real and personal property at a facility for the generation of electricity that locates in Cecil County is exempt from Cecil County property tax.    (c)    Notwithstanding subsections (a) and (b) of this section, the assessment of any property exempted under this section shall be included in the assessable base of Cecil County for the purpose of computing any State aid to education under § 5-202 of the Education Article or other payments of State aid to the county that by law are based on the assessment of property.
MD. Tax - Property Code Ann. §  7-513 (2021)
2021 Maryland Statutes|Tax - Property|Title 7 - Property Tax Exemptions|Subtitle 5 - County Exemptions -- Optional; Payments in Lieu of Taxes|Section 7-513 - Personal Property Tax -- Dorchester County

    (a)    Subject to subsection (b) of this section, the governing body of Dorchester County may reduce, by law, the percent of the assessment of personal property other than operating personal property of a public utility.    (b)    If the governing body of the county enacts a law reducing the assessment of personal property, personal property other than operating personal property of a public utility is subject to county property tax on:        (1)    90% of its value for the first taxable year beginning after enactment of the law;        (2)    80% of its value for the second taxable year beginning after enactment of the law;        (3)    70% of its value for the third taxable year beginning after enactment of the law;        (4)    60% of its value for the fourth taxable year beginning after enactment of the law;        (5)    50% of its value for the fifth taxable year beginning after enactment of the law;        (6)    40% of its value for the sixth taxable year beginning after enactment of the law;        (7)    30% of its value for the seventh taxable year beginning after enactment of the law;        (8)    20% of its value for the eighth taxable year beginning after enactment of the law;        (9)    10% of its value for the ninth taxable year beginning after enactment of the law; and        (10)    0% of its value for the tenth taxable year beginning after enactment of the law and for each taxable year thereafter.
MD. Tax - Property Code Ann. §  7-514 (2021)
2021 Maryland Statutes|Tax - Property|Title 7 - Property Tax Exemptions|Subtitle 5 - County Exemptions -- Optional; Payments in Lieu of Taxes|Section 7-514 - Negotiated Payment by Owner of Facility for Generation of Electricity

    (a)    (1)    The governing body of a county or a municipal corporation may enter into an agreement with the owner of a facility for the generation of electricity that is located or locates in the county or the municipal corporation for a negotiated payment by the owner in lieu of taxes on the facility.        (2)    An agreement for a negotiated payment in lieu of taxes under this section shall provide that, for the term specified in the agreement:            (i)    the owner shall pay to the county or municipal corporation a specified amount each year in lieu of the payment of county or municipal corporation real and personal property tax; and            (ii)    all or a specified part of the real and personal property at the facility shall be exempt from county or municipal corporation property tax for the term of the agreement.    (b)    As specified in the agreement for a negotiated payment in lieu of taxes under this section, for the term specified in the agreement, the real and personal property at a facility for the generation of electricity that is located or locates in the county or the municipal corporation is exempt from county or municipal corporation property tax.    (c)    For each taxable year, Washington County shall distribute to the Town of Williamsport an amount equal to 35% of any amount received by the county under a negotiated payment in lieu of taxes under this section from an owner of an electricity generation facility that is located or locates in the Town of Williamsport.
MD. Tax - Property Code Ann. §  7-515 (2021)
2021 Maryland Statutes|Tax - Property|Title 7 - Property Tax Exemptions|Subtitle 5 - County Exemptions -- Optional; Payments in Lieu of Taxes|Section 7-515 - Video Lottery Facility in Allegany County

    (a)    The governing body of Allegany County shall enter into an agreement with an owner or operator of a video lottery facility that locates in Allegany County for a negotiated payment in lieu of taxes on the video lottery facility.    (b)    An agreement for a negotiated payment in lieu of taxes under this section shall provide that, for the term specified in the agreement:        (1)    a specified amount shall be paid to Allegany County in lieu of the payment of Allegany County property tax; and        (2)    all or a specified part of the real and personal property at the video lottery facility shall be exempt from Allegany County property tax for the term of the agreement.
MD. Tax - Property Code Ann. §  7-517 (2021)
2021 Maryland Statutes|Tax - Property|Title 7 - Property Tax Exemptions|Subtitle 5 - County Exemptions -- Optional; Payments in Lieu of Taxes|Section 7-517 - Natural Gas Facilities -- Calvert County

    (a)    The governing body of Calvert County may enter into an agreement with the owner of a facility for the liquefaction of natural gas that is located or locates in the county for a negotiated payment by the owner in lieu of taxes on the facility.    (b)    An agreement for a negotiated payment in lieu of taxes under this section shall provide that, for the term specified in the agreement:        (1)    the owner shall pay to the county a specified amount each year in lieu of the payment of county real, operating real, personal, or operating personal property tax; and        (2)    all or a specified part of the real, operating real, personal, or operating personal property at the facility shall be exempt from county property tax for the term of the agreement.    (c)    As specified in an agreement for a negotiated payment in lieu of taxes under this section, for the term specified in the agreement, the real, operating real, personal, or operating personal property at a facility for the liquefaction of natural gas that is located or locates in the county is exempt from county property tax.    (d)    On the written request of the governing body of Calvert County, the supervisor shall assess the real, operating real, personal, or operating personal property of the owner of a facility for the liquefaction of natural gas with whom the county has entered into a payment in lieu of taxes agreement under this section.
MD. Tax - Property Code Ann. §  7-518 (2021)
2021 Maryland Statutes|Tax - Property|Title 7 - Property Tax Exemptions|Subtitle 5 - County Exemptions -- Optional; Payments in Lieu of Taxes|Section 7-518 - Property Owned by Affordable Housing Land Trust

    (a)    In this section, “affordable housing land trust” and “affordable housing land trust agreement” have the meanings stated in § 14–501 of the Real Property Article.    (b)    The governing body of Frederick County may exempt real property from the Frederick County property tax if the real property is:        (1)    owned by an affordable housing land trust; and        (2)    not subject to an affordable housing land trust agreement.
MD. Tax - Property Code Ann. §  7-519 (2021)
2021 Maryland Statutes|Tax - Property|Title 7 - Property Tax Exemptions|Subtitle 5 - County Exemptions -- Optional; Payments in Lieu of Taxes|Section 7-519 - Community-Managed Open Space

    (a)    (1)    In this section the following words have the meanings indicated.        (2)    “Community–managed open space” means a local park, garden, woods, or other predominantly undeveloped area that is utilized and cared for by the local community in a natural or cultivated state for the general benefit of the local community.        (3)    “Community open space management entity” means a nonprofit organization that has a cooperative agreement with the Maryland Environmental Trust and the purposes of which are primarily to:            (i)    preserve community–managed open spaces in fully developed areas;            (ii)    acquire, sell, lease, transfer, manage, establish, or hold easements to parcels of land for use as community–managed open space in fully developed areas; and            (iii)    encourage, support, and facilitate the participation of communities in the beautification, maintenance, and preservation of community–managed open spaces in fully developed areas.    (b)    The Mayor and City Council of Baltimore City or the governing body of a county or municipal corporation may exempt property owned by a community open space management entity from the county or municipal property tax.    (c)    The governing body of a county or municipal corporation may enact regulations, procedures, and any other provision necessary to carry out the exemption under this section.
MD. Tax - Property Code Ann. §  7-520 (2021)
2021 Maryland Statutes|Tax - Property|Title 7 - Property Tax Exemptions|Subtitle 5 - County Exemptions -- Optional; Payments in Lieu of Taxes|Section 7-520 - Economic Development Project Under Payment in Lieu of Taxes Agreement

    (a)    (1)    In this section the following words have the meanings indicated.        (2)    “Economic development project” means a real estate development project in Anne Arundel County that consists of newly constructed or rehabilitated commercial property if the property has not been the subject of a condemnation or eminent domain proceeding undertaken for purposes related to the project.        (3)    “Public benefit” means a unique and quantifiable service to be provided by the economic development project for the benefit of schools, public safety, or other local government services beyond that which would arise generally from a private business development project.    (b)    The governing body of Anne Arundel County may exempt or partially exempt an economic development project from the county real or personal property tax if:        (1)    the owner of the economic development project demonstrates to the satisfaction of the Anne Arundel County Executive and County Council of Anne Arundel County that the project is an economic development project that provides a public benefit; and        (2)    on or before June 30, 2020, the owner of the economic development project and the county enter into a payment in lieu of taxes agreement, approved by ordinance of the County Council, that specifies:            (i)    any amount that the owner of the economic development project shall pay to the county each year in lieu of the payment of county real or personal property taxes during the term of the agreement;            (ii)    any services that the economic development project shall provide to the county each year of the term of the payment in lieu of taxes agreement;            (iii)    the term of the agreement; and            (iv)    that each year after the expiration or termination of the agreement, full real and personal property taxes shall be payable on the property.    (c)    The owner of the economic development project and the county may modify any payment in lieu of taxes agreement entered into on or before June 30, 2020, if the modification is approved by ordinance of the County Council.
MD. Tax - Property Code Ann. §  7-521 (2021)
2021 Maryland Statutes|Tax - Property|Title 7 - Property Tax Exemptions|Subtitle 5 - County Exemptions -- Optional; Payments in Lieu of Taxes|Section 7-521 - Personal Property of Business Located in Historic District

    // EFFECTIVE UNTIL JUNE 30, 2022 PER CHAPTER 131 OF 2017 //    (a)    In this section, “local historic district” means a district that the governing body of Howard County has designated under local law as historic.    (b)    The governing body of Howard County may exempt personal property that is owned or leased by a business entity from the Howard County property tax if the business entity is located in a local historic district or a National Register District.
MD. Tax - Property Code Ann. §  8-101 (2021)
2021 Maryland Statutes|Tax - Property|Title 8 - Valuation and Assessment|Subtitle 1 - General Provisions and Valuation|Section 8-101 - Classification of Property

    (a)    For assessment purposes, property shall be divided into classes and subclasses.    (b)    Real property is a class of property and is divided into the following subclasses:        (1)    land that is actively devoted to farm or agricultural use, assessed under § 8-209 of this title;        (2)    marshland, assessed under § 8-210 of this title;        (3)    woodland, assessed under § 8-211 of this title;        (4)    land of a country club or golf course, assessed under §§ 8-212 through 8-217 of this title;        (5)    land that is used for a planned development, assessed under §§ 8-220 through 8-225 of this title;        (6)    rezoned real property that is used for residential purposes, assessed under §§ 8-226 through 8-228 of this title;        (7)    operating real property of a railroad;        (8)    operating real property of a public utility;        (9)    property valued under § 8-105(a)(3) of this subtitle;        (10)    conservation property, assessed under § 8-209.1 of this title; and        (11)    all other real property that is directed by this article to be assessed.    (c)    Personal property is a class of property and is divided into the following subclasses:        (1)    stock in business;        (2)    distilled spirits;        (3)    operating personal property of a railroad;        (4)    operating personal property of a public utility that is machinery or equipment used to generate electricity or steam for sale;        (5)    all other operating personal property of a public utility;        (6)    machinery and equipment, other than operating personal property of a public utility, that is used to generate:            (i)    electricity or steam for sale; or            (ii)    hot or chilled water for sale that is used to heat or cool a building; and        (7)    all other personal property that is directed by this article to be assessed.
MD. Tax - Property Code Ann. §  8-102 (2021)
2021 Maryland Statutes|Tax - Property|Title 8 - Valuation and Assessment|Subtitle 1 - General Provisions and Valuation|Section 8-102 - Valuation of Real Property

    (a)    Except as provided in subsection (b) of this section, the value of real property shall be its value on the date of finality.    (b)    The value of the land described in §§ 8-209 through 8-217 and 8-220 through 8-225 of this title shall be its use value on the date of finality as described in those sections.
MD. Tax - Property Code Ann. §  8-103 (2021)
2021 Maryland Statutes|Tax - Property|Title 8 - Valuation and Assessment|Subtitle 1 - General Provisions and Valuation|Section 8-103 - Assessment of Real Property -- in General

    (a)    (1)    In this section the following words have the meanings indicated.        (2)    “New statewide value” means the phased in value of all real property subject to property tax on January 1 preceding any taxable year, excluding the phased in value of real property assessed for the 1st time during the calendar year beginning on that January 1.        (3)    “Phased in value” means for the 1st, 2nd, or 3rd year of a 3-year cycle:            (i)    the prior value of real property increased by one-third, two-thirds, or the full amount by which the value increased over the prior value based on a physical inspection of the real property; or            (ii)    if the value of real property has not increased, the value determined in the most recent valuation.        (4)    “3-year cycle” means a continuous series of 3 calendar year periods beginning for each period with the 1st calendar year after the calendar year in which a physical inspection of real property is made under § 8-104(b) of this subtitle.    (b)    On or before January 1 of each year, the Department shall determine the new statewide value.    (c)    (1)    Except as provided in this subsection, the assessment of real property is its phased in value.        (2)    The assessment of the real property described in § 8-102(b) of this subtitle is its phased in use value.        (3)    The assessment of the operating real property described in § 8-108(c) of this subtitle is its value.        (4)    The assessment of the operating real property described in § 8-109(c) of this subtitle is its value.
MD. Tax - Property Code Ann. §  8-106 (2021)
2021 Maryland Statutes|Tax - Property|Title 8 - Valuation and Assessment|Subtitle 1 - General Provisions and Valuation|Section 8-106 - Valuation of Real Property Owned by Cooperative Housing Corporation

    (a)    In this section, “cooperative housing corporation”, “cooperative interest”, “membership certificate”, and “proprietary lease” have the meanings provided under the Maryland Cooperative Housing Corporation Act.    (b)    The value of a cooperative interest, a proprietary lease, a membership certificate, or similar items relating to an interest in a cooperative unit may be considered in determining the value of real property owned by a cooperative housing corporation or similar corporation.
MD. Tax - Property Code Ann. §  8-107 (2021)
2021 Maryland Statutes|Tax - Property|Title 8 - Valuation and Assessment|Subtitle 1 - General Provisions and Valuation|Section 8-107 - Valuation of Personal Property

    (a)    Except as provided under § 8-110 of this subtitle, the value of personal property shall be its value on the date of finality.    (b)    In valuing any personal property acquired by purchase, lease purchase, or other similar agreement for transfer of title to the personal property after a period of its use, the Department shall consider any sum that is paid to acquire the personal property.
MD. Tax - Property Code Ann. §  8-108 (2021)
2021 Maryland Statutes|Tax - Property|Title 8 - Valuation and Assessment|Subtitle 1 - General Provisions and Valuation|Section 8-108 - Valuation, Allocation, Assessment, and Apportionment of Railroad Operating Property

    (a)    The Department shall annually value the operating unit of a railroad on the basis of the value of the operating property of the railroad, by considering:        (1)    the earning capacity of the operating unit; and        (2)    all other factors relevant to a determination of the value of the operating unit.    (b)    The Department shall allocate to this State the value of that part of the operating unit that is reasonably attributable to the part located in this State.    (c)    (1)    The value allocated to this State shall be divided into an operating real property value and an operating personal property value, as determined by the Department.        (2)    The assessment of operating real property is the value of operating real property less the assessment of operating real property, if any, that is exempt by law from property tax.        (3)    The assessment of operating personal property is the value of operating personal property, less the assessment of operating personal property, if any, that is exempt by law from property tax.        (4)    Operating land of a railroad is valued and assessed by the Department as part of the operating unit and is not valued and assessed by the supervisor.        (5)    Returns, notices, and appeals of operating property assessments shall be administered pursuant to the sections of this article governing personal property assessment.    (d)    (1)    If operating property is located permanently in more than 1 county or municipal corporation, the Department shall apportion the assessment of that operating property among the counties and municipal corporations where the operating property is located.        (2)    If operating property is not located permanently in a county or a municipal corporation, the Department shall apportion the assessment of that operating property among the counties and municipal corporations on the basis of the ratio of the all track mileage, excluding trackage rights, of the railroad operated in each county and any municipal corporation, to the total of all track mileage, excluding trackage rights, operated in this State.    (e)    The Department may adopt regulations to carry out the provisions of this section.
MD. Tax - Property Code Ann. §  8-110 (2021)
2021 Maryland Statutes|Tax - Property|Title 8 - Valuation and Assessment|Subtitle 1 - General Provisions and Valuation|Section 8-110 - Valuation of Stock in Business

    (a)    (1)    In this section the following words have the meanings indicated.        (2)    “Fair average value” means the average of the fair value of stock in business for the number of months of a year in which the stock in business was in existence.        (3)    “Fair value” means the lesser of the cost or the value of stock in business.        (4)    “Stock in business”:            (i)    means the inventory of a commercial or manufacturing business that is engaged in business in this State; and            (ii)    does not include a used motor vehicle of a registered motor vehicle dealer if that vehicle is:                1.    titled in this State; and                2.    acquired by a dealer as partial payment of the purchase price of another motor vehicle.    (b)    Stock in business shall be valued to the owner of the stock in business at its fair average value on the date of finality.