§ 13-304. Calculation of tax; improvements valued

   (a) Calculation of tax. -- The agricultural land transfer tax is imposed on the consideration payable for the instrument of writing less:

   (1) the total value of any improvements on the property; and

   (2) the total value of any land not subject to the agricultural land transfer tax.

(b) Valuation of improvements. --

   (1) If an instrument of writing transfers agricultural land with an improvement that has not been assessed by the supervisor, the grantor shall notify the supervisor at least 7 days before the date of transfer.

   (2) For the purposes of paragraph (1) of this subsection, the supervisor shall:

      (i) determine the estimated total value of the improvements on the most recent date of finality; and

      (ii) give the grantor at the time of the transfer a notice of the estimated value of the improvements.

   (3) The grantor may appeal the estimated total value stated in the notice as provided by § 8-407 of this article.

HISTORY: An. Code 1957, art. 81, § 278F; 1985, ch. 8, § 2; 1988, ch. 552; 1989, ch. 5, § 1.