If an escaped property assessment of personal property is made under § 8-417 of this article, an additional assessment penalty equal to 20% of the escaped property assessment shall be added to the assessment of the personal property.
Structure Maryland Statutes
Subtitle 7 - Additions to Tax and Assessable Penalties
Section 14-701 - Tax Penalty Based on Total Tax Liability on Property
Section 14-702 - County or Municipal Corporation Penalty Authorized
Section 14-703 - Tax Penalty -- When Timely Payment Not Made
Section 14-704 - Tax Penalty -- When Annual Report Not Submitted
Section 14-705 - Tax Penalty -- When Inaccurately Reported Property Assessed