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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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TRANSPORTATION |
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TITLE 8. HIGHWAYS |
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SUBTITLE 3. ACQUISITION AND DISPOSITION OF PROPERTY |
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PART I. DEFINITIONS; GENERAL PROVISIONS |
§ 8-306. Taxes on property acquired
Latest version.
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(a) Apportionment required. -- When property is acquired under this subtitle, the real estate taxes due on the property shall be apportioned as of the earlier of:
(1) The date on which the Administration or Commission takes possession or has the right to take possession of the property; or
(2) The date on which the title to the property is transferred.
(b) Payment of apportioned share. -- The Administration or Commission shall pay its share of those real estate taxes as are due for the year in which the date of apportionment occurs.