Section 8-306 - Taxes on property acquired. - Maryland Statutes

§ 8-306. Taxes on property acquired.
 

(a)  Apportionment required.- When property is acquired under this subtitle, the real estate taxes due on the property shall be apportioned as of the earlier of: 

(1) The date on which the Administration or Commission takes possession or has the right to take possession of the property; or 

(2) The date on which the title to the property is transferred. 

(b)  Payment of apportioned share.- The Administration or Commission shall pay its share of those real estate taxes as are due for the year in which the date of apportionment occurs. 
 

[An. Code 1957, art. 89B, § 75; 1977, ch. 13, § 2.]