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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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TAX - PROPERTY |
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TITLE 8. VALUATION AND ASSESSMENT |
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SUBTITLE 2. ASSESSMENT PROCEDURES |
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PART III. SPECIAL ASSESSMENTS |
§ 8-240. Assessing of improvements -- Solar energy or geothermal systems.
Latest version.
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(a) One system. -- If no conventional heating and cooling system exists in a building, a solar energy or geothermal heating and cooling system shall be assessed to the owner of the real property on which it is located at not more than the value of a conventional system.
(b) Additional system. -- If a solar energy or geothermal heating and cooling system is installed in addition to a conventional system in a building, the combined system may be assessed to the owner of the real property on which it is located at not more than the value of the conventional system.