MD SB735

Counties and municipal corporations gain authority to submit petitions for review to appeal the assessed value of commercial real property located within their jurisdiction

Appeals are permitted only when commercial property is sold to a new owner and the total sales price is 20% or more than the previous sale price

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

The Maryland Department of Assessments and Taxation must adopt procedures to implement this new appeal process

Effective date: October 1, 2026