When country club or golf course land is reassessed according to its use value, country club or golf course land shall also be valued according to its market value. If the market value exceeds the use value, the owner shall be notified of both values.

Authority: Tax-Property Article, §§2-201, 2-202, 8-213, 8-218, and 8-219, Annotated Code of Maryland

Effective date: January 7, 1982 (8:26 Md. R. 2106)

Regulation .01 amended and Regulations .02—.04 adopted effective March 11, 1996 (23:5 Md. R. 382)

Chapter revised effective October 19, 1998 (25:21 Md. R. 1575)

Regulation .05A amended effective May 26, 2003 (30:10 Md. R. 668)

Regulation .05B amended effective April 15, 2002 (29:7 Md. R. 622)

Regulation .08C amended effective May 26, 2003 (30:10 Md. R. 668)

Chapter revised effective March 15, 2004 (31:5 Md. R. 451)

Regulation .06A amended effective January 24, 2022 (49:2 Md. R. 78)