Property Ownership
Maryland real property tax is imposed by:
AThe federal government and state equally
BLocal jurisdictions (counties and municipalities) as well as the state✓ Correct
CSDAT directly
DMREC on behalf of the state
Explanation
Real property taxes in Maryland are levied by local jurisdictions (counties and municipalities) and in some cases the state, based on SDAT's assessments.
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Key Terms to Know
Transfer Tax
A tax imposed by state or local governments when real property ownership is transferred, typically based on the sale price.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
EasementA non-possessory right to use another person's land for a specific purpose.
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
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