§ 7-245
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/md/tax-property/7-245A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§7–245.
(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.