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.

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