§ 7-205. Community water systems

MD Tax-Prop Code § 7-205 (2019) (N/A)
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Property that is owned by any nonprofit community water corporation is not subject to property tax if the corporation:

(1)    is owned by a majority of the lot owners in the area that the water system serves; and

(2)    charges a rate that is sufficient only to pay for the cost of operating the system.