478

LAWS OF MARYLAND

Ch. 8

"Assessment" § 1-101 "Instrument of writing" § 13-101
"Property tax" § 1-101 "Taxable year" § 1-101

13-304. CALCULATION OF TAX; IMPROVEMENTS VALUED.

(A)  CALCULATION OF TAX

THE AGRICULTURAL LAND TRANSFER TAX IS IMPOSED ON THE
CONSIDERATION PAYABLE FOR THE INSTRUMENT OF WRITING LESS:

(1)  THE TOTAL VALUE OF ANY IMPROVEMENTS ON THE
AGRICULTURAL LAND; AND

(2)  THE TOTAL VALUE OF ANY AGRICULTURAL LAND NOT
SUBJECT TO THE AGRICULTURAL LAND TRANSFER TAX.

(B)  VALUATION OF IMPROVEMENTS.

(1)  IF AN INSTRUMENT OF WRITING TRANSFERS
AGRICULTURAL LAND WITH AN IMPROVEMENT THAT HAS NOT BEEN ASSESSED
BY THE SUPERVISOR, THE GRANTOR SHALL NOTIFY THE SUPERVISOR AT
LEAST 7 DAYS BEFORE THE DATE OF TRANSFER.

(2)  FOR THE PURPOSES OF SUBSECTION (A) PARAGRAPH (1)
OF THIS SECTION SUBSECTION, THE SUPERVISOR:

(I)  SHALL DETERMINE THE ESTIMATED TOTAL VALUE
OF THE IMPROVEMENTS ON THE MOST RECENT DATE OF FINALITY; AND

(II)  GIVE THE GRANTOR AT THE TIME OF THE
TRANSFER A NOTICE OF THE ESTIMATED VALUE OF THE IMPROVEMENTS.

(3)  THE GRANTOR MAY APPEAL THE ESTIMATED TOTAL VALUE
STATED IN THE NOTICE AS PROVIDED BY § 8-407 OF THIS ARTICLE.

REVISOR'S NOTE: This section is new language derived
without substantive change from former Art. 81, §
278F(c) and (d)(2).

In the introductory language of subsection (a) of this
section, the defined term "instrument of writing" is
substituted for the former reference to "conveyance of
title", for clarity.

Also in the introductory language of subsection (a) of
this section, the word "imposed" is substituted for
the former word "levied", for clarity. As to this
substitution, see the General Revisor's Note to this
article.

In subsection (b)(1) and (2) of this section, the
references to the "supervisor" are substituted for the
former references to the "Department", for clarity.

In subsection (b)(1) of this section, the former