Md. Code, Tax-Prop. § 8-418
Md. Code, Tax-Prop. § 8-418
Maryland · Maryland Code, Tax - Property · Status: effective
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- Citation
- Md. Code, Tax-Prop. § 8-418, Maryland, version 1 as recorded 2026-09-29, yourstate.us, https://yourstate.us/provision/1790741
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Full text
(a) After any personal property that is subject to assessment by § 8-417(d) of this subtitle as escaped property is assessed, the Department shall determine if:
(1) the owner failed to report accurately the cost or other information as to the escaped property; and
(2) the failure to report accurately caused the escaped property to be assessed at less than its value.
(b) (1) Notice of the assessment of escaped property under § 8-417(d) of this subtitle and the imposition of any penalty under § 14-705 of this article shall be given as provided by § 14-402 of this article.
(2) The notice shall separately state:
(i) the assessment of the escaped property; and
(ii) the penalty imposed under § 14-705 of this article.