Maryland
Assessment

Procedures
Manual

CATEGORY:

REAL PROPERTY

019

SUBJECT:

Adjustments

080

TOPIC:

Flood Damage

010

Date Issued
9/4/79

Revision #1
5/1/88

 

001: Procedures
004: Owners
008: Taxable Property
009: Exemptions
012: Credits
014: Valuation
018: Operating Property
of Utilities and Railroads
019: Real Property
029: Notices
045: Assessment Records
067: Allowances and
Removal
229: Maryland Tax Court
232: Administration
255: Appeals
300: Triennial Assessments
350: Personal Property
375: Personal Property
 
Alphabetical Index
Numerical Index
 

 

Adjustments may be made in the assessment of properties which have been damaged by flood or are subject to a substantial threat of recurring flood damage. Any damage caused by a sudden force of nature shall not result in an increase in the assessment when the property is restored or replaced if that property is comparable in value to its previous condition. Such restoration or replacement may be assessed if the damage resulted in reduction or abatement.

The amount of the abatement or adjustment for substantial threat of damage will remain a judgment factor based on market evidence. (Tax-Property Article, Title 8-230).

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