Md. Code, Tax - Property § 7-245
Md. Code, Tax - Property § 7-245
in effect(a) A person’s personal property is not subject to valuation or to property tax if all of the person’s personal property statewide had a total original cost of less than $20,000.
(b) If the person attests to owning a sum total of personal property with an original cost of less than $20,000, the Department may not:
(1) collect personal property information from the person; or
(2) require the person to submit a personal property tax return.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gtp§ion=7-245&enactments=falseFetched: 10/17/2026