Maryland Code, TAX – PROPERTY 6.5-201
Terms Used In Maryland Code, TAX - PROPERTY 6.5-201
- County: means a county of the State or Baltimore City. See
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See
(b) (1) Except as provided in paragraph (2) of this subsection, land that is part of a State forest, State park, or wildlife management area at any time during a fiscal year and exempt from the property tax under § 7-210 of this article shall be included when calculating the amount that the State shall pay a county under subsection (a) of this section.
(2) The following may not be included when calculating the amount that the State shall pay a county under subsection (a) of this section:
(i) property that is subject to property tax under § 6-102 of this article;
(ii) property that is exempt from property tax in accordance with § 7-501 of this article;
(iii) State property for which a payment in lieu of tax agreement is in effect under § 7-211(c) or § 7-501 of this article; or
(iv) the portion of Deep Creek Lake State Park that is attributable to payments required under § 5-215 of the Natural Resources Article.