Land Use & Zoning (alternative)
In Maryland, a property's assessed value for tax purposes under SDAT is supposed to represent:
A50% of market value
BThe construction cost plus land value
C100% of fair market value✓ Correct
DThe owner's purchase price plus improvements
Explanation
SDAT is required to assess Maryland real property at 100% of fair market value during each triennial reassessment cycle.
Related Maryland Land Use & Zoning (alternative) Questions
- In Maryland, a 'development rights and responsibilities agreement' (DRRA) provides a developer with:
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