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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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TAX - PROPERTY |
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TITLE 9. PROPERTY TAX CREDITS AND PROPERTY TAX RELIEF |
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SUBTITLE 2. STATEWIDE OPTIONAL |
§ 9-206. Maryland Agricultural Land Preservation Foundation
Latest version.
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(a) "Agricultural land" defined. -- In this section, "agricultural land" means real property subject to an easement or other interest that is permanently conveyed or assigned to the Maryland Agricultural Land Preservation Foundation under § 2-504 of the Agriculture Article.
(b) Tax credit not exceeding 75%. -- The Mayor and City Council of Baltimore City or the governing body of a county may grant, by law, a property tax credit not exceeding 75% of any county property tax imposed on agricultural land.
(c) Procedures and enforcement. -- The Mayor and City Council of Baltimore City or the governing body of a county may provide, by law, any procedural or enforcement provision necessary to carry out this section.
(d) Valuation and assessment. -- Valuation and assessment of agricultural land shall be made in the same manner as any other real property in the county.