Md. Code Ann., Tax-Prop. § 8-107
Valuing personalty
Effective Oct 1, 2002Added by Acts 1985, c. 8, § 2, eff. Feb. 1, 1986. Amended by Acts 1987, c. 434, § 1; Acts 1988, c. 6, § 1; Acts 2002, c. 120, § 1, eff. Oct. 1, 2002.State of Maryland
- (a) Except as provided under § 8-110 of this subtitle, the value of personal property shall be its value on the date of finality.
- (b) In valuing any personal property acquired by purchase, lease purchase, or other similar agreement for transfer of title to the personal property after a period of its use, the Department shall consider any sum that is paid to acquire the personal property.
Added by Acts 1985, c. 8, § 2, eff. Feb. 1, 1986. Amended by Acts 1987, c. 434, § 1; Acts 1988, c. 6, § 1; Acts 2002, c. 120, § 1, eff. Oct. 1, 2002.
Formerly Art. 81, § 14.