§ 13-304. Calculation of tax; improvements valued.
(a) Calculation of tax.- The agricultural land transfer tax is imposed on the consideration payable for the instrument of writing less:
(1) the total value of any improvements on the property; and
(2) the total value of any land not subject to the agricultural land transfer tax.
(b) Valuation of improvements.-
(1) If an instrument of writing transfers agricultural land with an improvement that has not been assessed by the supervisor, the grantor shall notify the supervisor at least 7 days before the date of transfer.
(2) For the purposes of paragraph (1) of this subsection, the supervisor shall:
(i) determine the estimated total value of the improvements on the most recent date of finality; and
(ii) give the grantor at the time of the transfer a notice of the estimated value of the improvements.
(3) The grantor may appeal the estimated total value stated in the notice as provided by § 8-407 of this article.
§ 13-304. Calculation of tax; improvements valued.
(a) Calculation of tax.- The agricultural land transfer tax is imposed on the consideration payable for the instrument of writing less:
(1) the total value of any improvements on the property; and
(2) the total value of any land not subject to the agricultural land transfer tax.
(b) Valuation of improvements.-
(1) If an instrument of writing transfers agricultural land with an improvement that has not been assessed by the supervisor, the grantor shall notify the supervisor at least 7 days before the date of transfer.
(2) For the purposes of paragraph (1) of this subsection, the supervisor shall:
(i) determine the estimated total value of the improvements on the most recent date of finality; and
(ii) give the grantor at the time of the transfer a notice of the estimated value of the improvements.
(3) The grantor may appeal the estimated total value stated in the notice as provided by § 8-407 of this article.
§ 13-304. Calculation of tax; improvements valued.
(a) Calculation of tax.- The agricultural land transfer tax is imposed on the consideration payable for the instrument of writing less:
(1) the total value of any improvements on the property; and
(2) the total value of any land not subject to the agricultural land transfer tax.
(b) Valuation of improvements.-
(1) If an instrument of writing transfers agricultural land with an improvement that has not been assessed by the supervisor, the grantor shall notify the supervisor at least 7 days before the date of transfer.
(2) For the purposes of paragraph (1) of this subsection, the supervisor shall:
(i) determine the estimated total value of the improvements on the most recent date of finality; and
(ii) give the grantor at the time of the transfer a notice of the estimated value of the improvements.
(3) The grantor may appeal the estimated total value stated in the notice as provided by § 8-407 of this article.
