Maryland Statutes
Subtitle 3 - State Property Tax Exemption
Section 7-304 - Land Trusts

(a)    Property is not subject to State property tax if the property is:
        (1)    owned by a land trust as defined in § 3-2A-01 of the Natural Resources Article that is certified by the Maryland Environmental Trust to be a land trust in good standing and to have a cooperative agreement in effect; and
        (2)    used:
            (i)    to assist in the preservation of a natural area;
            (ii)    for the environmental education of the public;
            (iii)    to conserve agricultural land and to promote continued agricultural use of the land;
            (iv)    generally to promote conservation; or
            (v)    for the maintenance of a natural area for public use or a sanctuary for wildlife.
    (b)    To qualify for an exemption under this section, a land trust shall obtain a written certification every 5 years beginning July 1, 1998, or as scheduled by the Maryland Environmental Trust.

Structure Maryland Statutes