MD HB1088

Counties and municipal corporations gain authority to petition for review of commercial property assessments when property is sold to a new owner at 20% or more above the previous sale price

Petitions must be submitted to the supervisor on or before the date of finality for the next taxable year

Property must be located within the petitioning county or municipal corporation's jurisdiction

The Department is required to adopt procedures to implement the new petition process

Effective date: October 1, 2026