- (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.
Added by Acts 2014, c. 595, § 1, eff. June 1, 2014.