Section 8-101 - Classification of property. - Maryland Statutes

§ 8-101. Classification of property.
 

(a)  Property classified.- For assessment purposes, property shall be divided into classes and subclasses. 

(b)  Real property and subclasses.- Real property is a class of property and is divided into the following subclasses: 

(1) land that is actively devoted to farm or agricultural use, assessed under § 8-209 of this title; 

(2) marshland, assessed under § 8-210 of this title; 

(3) woodland, assessed under § 8-211 of this title; 

(4) land of a country club or golf course, assessed under §§ 8-212 through 8-217 of this title; 

(5) land that is used for a planned development, assessed under §§ 8-220 through 8-225 of this title; 

(6) rezoned real property that is used for residential purposes, assessed under §§ 8-226 through 8-228 of this title; 

(7) operating real property of a railroad; 

(8) operating real property of a public utility; 

(9) property valued under § 8-105(a)(3) of this subtitle; 

(10) conservation property, assessed under § 8-209.1 of this title; and 

(11) all other real property that is directed by this article to be assessed. 

(c)  Personal property and subclasses.- Personal property is a class of property and is divided into the following subclasses: 

(1) stock in business; 

(2) distilled spirits; 

(3) operating personal property of a railroad; 

(4) operating personal property of a public utility that is machinery or equipment used to generate electricity or steam for sale; 

(5) all other operating personal property of a public utility; 

(6) machinery and equipment, other than operating personal property of a public utility, that is used to generate: 

(i) electricity or steam for sale; or 

(ii) hot or chilled water for sale that is used to heat or cool a building; and 

(7) all other personal property that is directed by this article to be assessed. 
 

[An. Code 1957, art. 81, § 14; 1985, ch. 8, § 2; 1987, ch. 322; 1990, chs. 226, 227; 1992, ch. 133; 1993, ch. 142; 1999, chs. 5, 6; 2000, ch. 526; 2002, chs. 121, 474; 2005, ch. 457; 2006, ch. 489.]