Unless the public general law or public local law granting the exemption specifically refers to and modifies or supersedes this section, real property that is exempt by law enacted after July 1, 1967, from county or municipal corporation property tax is treated as taxable real property for the purpose of computing any payments of State aid to counties or municipal corporations that by law are based on the assessment of real property.
Structure Maryland Statutes
Title 7 - Property Tax Exemptions
Subtitle 1 - General Provisions
Section 7-101 - Exemptions -- Strict Rule of Construction
Section 7-102 - Exemptions by Law -- Effective Date
Section 7-103 - Exemptions of Real Property -- Procedure
Section 7-104 - Exemptions -- Abatement of Tax
Section 7-105 - Adjustment of Tax on Public Property; Tax on Formerly Exempt Property
Section 7-106 - Exempt Property -- Assessment
Section 7-107 - Local Exemptions -- Effect on State Aid
Section 7-108 - Local Exemptions -- Change by Counties