2010 Maryland Code
TAX - PROPERTY
TITLE 7 - PROPERTY TAX EXEMPTIONS
Subtitle 3 - State Property Tax Exemption
Section 7-307 - Repaired or reconstructed dwelling.
§ 7-307. Repaired or reconstructed dwelling.
(a) Exemption allowed.- Subject to subsection (b) of this section, real property is not subject to State property tax if:
(1) the homeowner is otherwise eligible for the credit allowed under § 9-105 of this article;
(2) (i) the dwelling is:
1. damaged or destroyed due to a natural disaster; and
2. subsequently repaired or reconstructed;
(ii) the dwelling is revalued after the dwelling is repaired or reconstructed; and
(iii) as a result of the revaluation, the assessment of the dwelling exceeds the last assessment of the dwelling; and
(3) the homeowner claiming the exemption had a legal interest in the dwelling at the time the dwelling was damaged or destroyed as described under item (2) of this subsection.
(b) Conditions.- The property tax exemption under this section only applies for a taxable year in which a property tax credit for the property described in subsection (a) of this section is granted by the governing body of a county or municipal corporation under § 9-109 of this article and applies only to the extent that the credit is granted.
[2005, chs. 536, 616; 2006, ch. 89.]
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