§ 7-518. Property owned by affordable housing land trust.

MD Tax-Prop Code § 7-518 (2019) (N/A)
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(a)    In this section, “affordable housing land trust” and “affordable housing land trust agreement” have the meanings stated in § 14–501 of the Real Property Article.

(b)    The governing body of Frederick County may exempt real property from the Frederick County property tax if the real property is:

(1)    owned by an affordable housing land trust; and

(2)    not subject to an affordable housing land trust agreement.