Maryland Code, TAX – PROPERTY 6-401
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Maryland Code, TAX - PROPERTY 6-401
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- County: means a county of the State or Baltimore City. See
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See
(a) Except as otherwise provided in this article, to determine the amount of State, county, or municipal corporation property tax that is due, the assessment of the property is multiplied by the applicable rate.
(b) The applicable tax rate or rates are expressed in dollars and cents or fraction thereof for each $100 of assessment.