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SB0735 • 2026

Property Tax - Petition to Review Value of Commercial Real Property

Property Tax - Petition to Review Value of Commercial Real Property

Taxes
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Senator King
Last action
2026-02-11
Official status
In the Senate - Hearing 3/03 at 1:30 p.m.
Effective date
2026-10-01

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Property Tax - Petition to Review Value of Commercial Real Property

Authorizing a county or a municipal corporation to submit a certain petition for review to appeal the value of commercial real property located in the county or municipal corporation that is sold to a new owner, if the total sales price of the property is 20% or more than the total sales price when the property was previously sold.

What This Bill Does

  • Authorizing a county or a municipal corporation to submit a certain petition for review to appeal the value of commercial real property located in the county or municipal corporation that is sold to a new owner, if the total sales price of the property is 20% or more than the total sales price when the property was previously sold.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-02-11 Senate

    Hearing 3/03 at 1:30 p.m.

  2. 2026-02-06 Senate

    First Reading Budget and Taxation

  3. Maryland General Assembly

    Text - First - Property Tax - Petition to Review Value of Commercial Real Property

Official Summary Text

Authorizing a county or a municipal corporation to submit a certain petition for review to appeal the value of commercial real property located in the county or municipal corporation that is sold to a new owner, if the total sales price of the property is 20% or more than the total sales price when the property was previously sold.

Current Bill Text

Read the full stored bill text 
EXPLANATION: CAPITALS INDICATE MATTER ADDED TO EXISTING LAW.
[Brackets] indicate matter deleted from existing law.
*sb0735*

SENATE BILL 735
Q1 6lr2835
CF HB 1088
By: Senator King
Introduced and read first time: February 6, 2026
Assigned to: Budget and Taxation

A BILL ENTITLED

AN ACT concerning 1

Property Tax – Petition to Review Value of Commercial Real Property 2

FOR the purpose of authorizing a county or a municipal corporation to submit a certain 3
petition for review to appeal the value of commercial real property l ocated in the 4
county or municipal corporation and sold to a new owner under certain 5
circumstances; and generally relating to the assessment of real property. 6

BY repealing and reenacting, with amendments, 7
Article – Tax – Property 8
Section 8–415 and 14–503 9
Annotated Code of Maryland 10
(2019 Replacement Volume and 2025 Supplement) 11

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 12
That the Laws of Maryland read as follows: 13

Article – Tax – Property 14

8–415. 15

(A) The owner of real property may submit a petition for review as provided by § 16
14–503(a) of this article. 17

(B) A COUNTY OR A MUNICIPAL CORPORATION MAY SUBMIT A PETITION FOR 18
REVIEW AS PROVIDED IN § 14–503(B) OF THIS ARTICLE. 19

14–503. 20

2 SENATE BILL 735

(a) A taxpayer may appeal the value or classifica tion of the real property by 1
submitting a petition for review to the supervisor on or before the date of finality for the 2
next taxable year. 3

(b) (1) A COUNTY OR A MUNICIPA L CORPORATION MAY SU BMIT A 4
PETITION FOR REVIEW TO THE SUPERVISOR ON OR BEFORE THE DATE OF FINALITY 5
FOR THE NEXT TAXABLE YEAR TO APPEAL THE V ALUE OF COMMERCIAL R EAL 6
PROPERTY: 7

(I) LOCATED IN THE COUNT Y OR MUNICIPAL CORPO RATION; 8
AND 9

(II) SOLD TO A NEW OWNER, IF THE TOTAL SALES PRICE OF THE 10
PROPERTY IS 20% OR MORE THAN THE TOT AL SALES PRICE WHEN THE PRO PERTY 11
WAS PREVIOUSLY SOLD. 12

(2) THE DEPARTMENT SHALL ADOP T PROCEDURES TO CARR Y OUT 13
THIS SUBSECTION. 14

(C) If the requirements of subsection (a) OR (B) of this section are met, the 15
supervisor or the supervisor’s designee shall hold a hearing as provided under § 14 –510 of 16
this subtitle. 17

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect 18
October 1, 2026. 19