Real Property Assessments - Revaluation of Property on Transfer After Appeal
Sponsor: Chair, Budget and Taxation CommitteeCommittee: Budget and TaxationSubject: Taxes - PropertyStatus: Hearing 1/18 at 12:00 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 (5)
MGA witness listFAV 3FavorableUNF 2Unfavorable
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Higgs, Director Michael | Dept. of Assessments & Taxation | Oral + Written (PDF) |
| FAV | Fiore, Justin | Maryland Municipal League | Written (PDF) |
| FAV | Chair, Budget and Taxation Committee, Chair, Budget and Taxation Committee | Individual | Oral |
| UNF | Bereano, Brucelobbyist | Individual | Oral |
| UNF | Lang, Alan | Individual | Position only |
Organizations on record
Registered lobbyists who testified
UNFBereano, BruceRegistered for: 5400 Holiday Drive LLC; Anne Arundel County Fair; Aurora Technical Systems; BWI Airport Fire Rescue Local 1742; BWI Airport Professional Firefighters; BWI Taxi Management, Inc.…