2010 Maryland Code
TAX - PROPERTY
TITLE 14 - PROCEDURE
Subtitle 4 - Assessment Procedures
Section 14-401 - Personal property valuation and assessment - Failure to submit report.
§ 14-401. Personal property valuation and assessment - Failure to submit report.
(a) Valuation and assessment.- If a person fails to submit the reports required in § 11-101 or § 11-102 of this article, the Department shall value the person's personal property based on any information the Department can obtain and assess the personal property at not more than twice the estimated value.
(b) Effect of assessment.- An assessment under subsection (a) of this section does not excuse the person whose personal property is assessed from liability for:
(1) property tax or other tax; or
(2) a tax penalty or other penalty imposed by law.
[An. Code 1957, art. 81, § 251; 1985, ch. 8, § 2; 2002, ch. 120.]
Disclaimer: These codes may not be the most recent version. Maryland may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
