Md. Code Ann., Tax-Prop. § 7-245
Redline — January 1, 2019 → current.View current text →
Current — January 1, 2023
As of January 1, 2019
A person’s personal property is not subject to valuation or to property tax if all of the person’s personal property statewide had a total original cost of less than $2,500.
(a) A person’s personal property is not subject to valuation or to property tax if all of the person’s personal property statewide had a total original cost of less than $20,000.
(b) If the person attests to owning a sum total of personal property with an original cost of less than $20,000, the Department may not:
(1) collect personal property information from the person; or
(2) require the person to submit a personal property tax return.
Official source: Maryland General Assembly. Reproduced from public-domain Maryland statutes; confirm against the official source for the current text. Not legal advice.