§ 8-418
125 words·~1 min read·
/md/tax-property/8-418A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§8–418.
(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.
(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.