Property Ownership (alternative)
Maryland's 'Business Personal Property Tax' applies to:
AReal estate owned by businesses
BFurniture, fixtures, equipment, and inventory used in business operations — not real property✓ Correct
CAll property owned by LLCs
DOnly commercial real estate
Explanation
Maryland's business personal property tax is assessed by SDAT on tangible personal property (furniture, equipment, fixtures) used in a business, separate from the real property tax.
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