Md. Code, Tax - Property § 7-221
Md. Code, Tax - Property § 7-221
in effect(a) Personal property is not subject to valuation or to property tax, if the personal property is owned by:
(1) a financial institution as defined in § 8-101(c) of the Tax - General Article other than a savings and loan association as defined in § 7-221.1 of this subtitle; or
(2) a federal or State chartered credit union.
(b) This exemption does not include any personal property that is leased, loaned, or made available by the institution for the use of a person whose business is not that of the institution.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gtp§ion=7-221&enactments=falseFetched: 10/17/2026