Section 7-205 - Community water systems. - Maryland Statutes

§ 7-205. Community water systems.
 

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. 
 

[An. Code 1957, art. 81, § 9; 1985, ch. 8, § 2.]