Maryland Code > TAX – PROPERTY > Title 6 > Subtitle 1 – Taxable Property
Current as of: 2023 | Check for updates
|
Other versions
§ 6-101 | Property subject to tax |
§ 6-102 | Tax on leasehold interests |
§ 6-103 | Operating property of railroads or public utilities |
§ 6-104 | Stock in business of manufacturing or commercial business |
Terms Used In Maryland Code > TAX - PROPERTY > Title 6 > Subtitle 1 - Taxable Property
- 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
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Grantor: The person who establishes a trust and places property into it.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
- 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.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See