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Code · Maryland · Tax - Property

§ 7-205

56 words·~1 min read·/md/tax-property/7-205

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§7–205.
Property that is owned by any nonprofit community water corporation is not subject to property tax if the corporation:
(1)is owned by a majority of the lot owners in the area that the water system serves; and
(2)charges a rate that is sufficient only to pay for the cost of operating the system.
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