(a) Subject to subsection (b) of this section, the governing body of Garrett County may reduce, by law, the percent of the assessment on one or more classes or subclasses of personal property listed under § 8-101 of this article.
(b) (1) If Garrett County reduces or eliminates the percentage of assessment of taxable personal property under subsection (a) of this section, Garrett County shall submit a copy of the law to the Department.
(2) If the Department receives a copy of the law on or before March 1, the change shall be effective for the taxable year following the date the law is enacted.
Structure Maryland Statutes
Title 7 - Property Tax Exemptions
Subtitle 5 - County Exemptions -- Optional; Payments in Lieu of Taxes
Section 7-501 - Public Leasehold Property -- Local Exemptions
Section 7-502 - Housing for Senior Citizens
Section 7-503 - Housing for Low Income Families
Section 7-504 - Housing in Baltimore City
Section 7-504.2 - Vacant and Underutilized Commercial Buildings in Baltimore City
Section 7-504.3 - Economic Development Projects in Baltimore City
Section 7-504.4 - Hippodrome Performing Arts Center
Section 7-505 - Governmentally Subsidized Rental Housing
Section 7-506 - Governmentally Subsidized Housing in Baltimore City
Section 7-506.1 - Governmentally Subsidized Housing Outside Baltimore City
Section 7-506.2 - Housing for Low to Moderate Income Households
Section 7-506.3 - Payment in Lieu of Taxes Agreements -- Low-Income Housing
Section 7-507 - Foreign Import Property
Section 7-508 - Washington County
Section 7-509 - Washington County -- Warehouse Property
Section 7-509.1 - Washington County -- Technology-Related Businesses
Section 7-510 - Calvert, Caroline, Cecil, Kent, and Queen Anne's Counties
Section 7-511.1 - Garrett County -- Garrett Information Enterprise Center
Section 7-513 - Personal Property Tax -- Dorchester County
Section 7-514 - Negotiated Payment by Owner of Facility for Generation of Electricity
Section 7-515 - Video Lottery Facility in Allegany County
Section 7-516 - Economic Development Project -- Prince George's County
Section 7-517 - Natural Gas Facilities -- Calvert County
Section 7-518 - Property Owned by Affordable Housing Land Trust
Section 7-519 - Community-Managed Open Space
Section 7-520 - Economic Development Project Under Payment in Lieu of Taxes Agreement
Section 7-521 - Personal Property of Business Located in Historic District