Earlier this month, Senator Jim Rosapepe from Prince George’s County and House Delegate Kris Fair introduced bills (SB0885/HB0896) that would require a $50 filing fee for access to the Maryland Property Tax Assessment Appeal Boards (PTAABs) and $100 filing fee for access to the Tax Court for taxpayers filing appeals for commercial and industrial properties with assessed values of more than $1,000,000. It is unclear whether the filing fees would be assessed per parcel or per operating unit. This legislation would unduly burden commercial and industrial property owners exercising their right to determine the fair value of their properties.
The experts at Ryan view this as a targeted effort to discourage property owners from filing appeals on these types of properties and plan on offering testimony in opposition at the formal hearing next Tuesday, February 28, 2023. Others interested in voicing their opposition to this legislation are encouraged to do so using MyMGA on the Maryland General Assembly website.
TECHNICAL INFORMATION CONTACTS:
Michael Allen
Principal
Ryan
954.740.6240
michael.allen@ryan.com
Argi O’Leary
Principal
Ryan
973.713.8868
argi.oleary@ryan.com
The material presented in this communication is intended to provide general information only and should solely be seen as broad guidance and not directed to the particular facts or circumstances of any individual who may read this publication. No liability is accepted for acts or omissions taken in reliance upon the content of this piece. Before taking (or not taking) any action, readers should seek professional advice specific to their situation from Ryan, LLC or other tax professionals. For additional information about this topic, please contact us at info@ryan.com.