State Codes and Statutes
Statutes > Maryland > Transportation > Title-8 > Subtitle-3 > 8-306§ 8-306. Taxes on property acquired.
(a) Apportionment required.- When property is acquired under this subtitle, the real estate taxes due on the property shall be apportioned as of the earlier of:
(1) The date on which the Administration or Commission takes possession or has the right to take possession of the property; or
(2) The date on which the title to the property is transferred.
(b) Payment of apportioned share.- The Administration or Commission shall pay its share of those real estate taxes as are due for the year in which the date of apportionment occurs.
[An. Code 1957, art. 89B, § 75; 1977, ch. 13, § 2.]
