1. (a) For assessment purposes, property shall be divided into classes and subclasses.

2. (b) Real property is a class of property and is divided into the following subclasses:

   1. (1) land that is actively devoted to farm or agricultural use, assessed under § 8-209 of this title;
   2. (2) marshland, assessed under § 8-210 of this title;
   3. (3) woodland, assessed under § 8-211 of this title;
   4. (4) land of a country club or golf course, assessed under §§ 8-212 through 8-217 of this title;
   5. (5) land that is used for a planned development, assessed under §§ 8-220 through 8-225 of this title;
   6. (6) rezoned real property that is used for residential purposes, assessed under §§ 8-226 through 8-228 of this title;
   7. (7) operating real property of a railroad;
   8. (8) operating real property of a public utility;
   9. (9) property valued under § 8-105(a)(3) of this subtitle;
   10. (10) conservation property, assessed under § 8-209.1 of this title; and
   11. (11) all other real property that is directed by this article to be assessed.

3. (c) Personal property is a class of property and is divided into the following subclasses:

   1. (1) stock in business;
   2. (2) distilled spirits;
   3. (3) operating personal property of a railroad;
   4. (4) operating personal property of a public utility that is machinery or equipment used to generate electricity or steam for sale;
   5. (5) all other operating personal property of a public utility;

   6. (6) machinery and equipment, other than operating personal property of a public utility, that is used to generate:

      1. (i) electricity or steam for sale; or
      2. (ii) hot or chilled water for sale that is used to heat or cool a building; and
   7. (7) all other personal property that is directed by this article to be assessed.

Added by Acts 1985, c. 8, § 2, eff. Feb. 1, 1986. Amended by Acts 1987, c. 322; Acts 1990, c. 226; Acts 1990, c. 227; Acts 1992, c. 133; Acts 1993, c. 142; Acts 1999, c. 5, § 1, eff. Jan. 1, 2000; Acts 1999, c. 6, § 1, eff. Jan. 1, 2000; Acts 2000, c. 526, § 1, eff. Oct. 1, 2000; Acts 2002, c. 121, § 1, eff. July 1, 2002; Acts 2002, c. 474, § 1, eff. June 1, 2002; Acts 2005, c. 457, § 1, eff. July 1, 2005; Acts 2006, c. 489, § 1, eff. June 1, 2006.

Formerly Art. 81, § 14.