Real Property Assessments – Revaluation of Property on Transfer After Appeal
Sponsor: Chair, Ways and Means CommitteeCommittee: Ways and MeansSubject: Taxes - PropertyStatus: Hearing 1/17 at 1:00 p.m. (as of Nov 13, 2024)
What this bill does
Official synopsis
Requiring that real property be revalued during a 3-year assessment cycle if, within 1 year after the assessment of a property is reduced due to an appeal, the property transfers for consideration that exceeds the value of the property before the reduction of the assessment.
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Testimony (4)
MGA witness listFAV 4Favorable
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Phillips, Daniel | Dept. of Assessments & Taxation | Oral + Written (PDF) |
| FAV | Fiore, Justin | Maryland Municipal League | Written (PDF) |
| FAV | Chair, Ways and Means Committee, Chair, Ways and Means Committee | Individual | Oral |
| FAV | Wilson Randall, Claudia | Individual | Written (PDF) |