§ 8-209.1. Assessing conservation property

   (a) "Conservation property" defined. -- In this section:

   (1) subject to item (2) of this subsection, "conservation property" has the meaning stated in § 9-107 of this article; and

   (2) "conservation property" includes:

      (i) land that is subject to a perpetual conservation easement that was accepted and approved by the Board of Public Works on or before June 30, 1986; and

      (ii) land as to which the property tax credit under § 9-107 of this article is granted, even after the expiration of the tax credit.

(b) Valuation. -- Conservation property shall be valued at a rate equivalent to the highest rate that is used to value land that is eligible for agricultural use assessment under § 8-209 of this subtitle.

(c) Use for farm or agricultural purposes not required. -- Notwithstanding § 8-209(c) of this subtitle, conservation property is not required to be actively used for farm or agricultural purposes to be eligible for valuation as provided in this section.

HISTORY: 2006, ch. 489.