Maryland Code, TAX – PROPERTY 5-101
Terms Used In Maryland Code, TAX - PROPERTY 5-101
- Lien: A claim against real or personal property in satisfaction of a debt.
- Life estate: A property interest limited in duration to the life of the individual holding the interest (life tenant).
- Person: includes an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, corporation, partnership, business trust, statutory trust, limited liability company, firm, association, or other nongovernmental entity. See
- Personal property: All property that is not real property.
(b) (1) In this subsection, “person in possession or control of property” includes a lessee, custodian, consignee, or bailee.
(2) Except as provided in paragraph (3) of this subsection, for property tax purposes, the Department may determine by regulation if a person in possession or control of property is to be deemed the owner of the property by the Department.
(3) If a person in possession or control of property is deemed the owner under the Department’s regulations and if the property is assessed separately from other property of the person, a collector may collect property tax from:
(i) the owner of the property; or
(ii) the person who is deemed the owner of the property.
(c) Except as provided by agreement, a person who is deemed the owner of property and who pays property tax:
(1) has a right to indemnity from the owner for the tax paid; and
(2) for tangible personal property, has a lien on the property for property tax while the property is in the possession or control of the person.