Transfer Of TitleTaxesEASY
Maryland property tax is based on:
Correct Answer
B) Assessed value determined by state and local assessment
Property tax is based on assessed value, with assessment done by the State Department of Assessments and Taxation.
Answer Options
A
Purchase priceB
Assessed value determined by state and local assessmentC
Square footageD
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Related Topics & Key Terms
Related Topics:
property-assessment-processreal-estate-taxationproperty-valuation-methods
Key Terms:
assessed valueSDATMaryland property taxtriennial reassessmentTax-Property Article
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