Maryland Property Tax Appeal Lawyer: Can Maryland Reassess Property Value After Purchase?
No, Maryland Department of Assessments and Taxation cannot reassess because the property was purchased. Property is assessed every three years throughout the state of Maryland. The exception to this is if the property was improved (i.e. an addition, increased finished space, etc.) at which point the state could reassess in between the three year cycle; this is often triggered by the purchase of a building permit. Sometimes finished space is not discovered (no permit) until a property is sold, thus there is a correlation between purchased property and new assessments but it is only triggered by the improvement to the property that was discovered.
For a free, confidential conversation to learn more about contesting your property taxes and a free professional legal assessment of whether your property is overvalued, contact attorney Stephen J. Reichert at 410-299-4959, sreichert@reichertlegal.com or by clicking here.
Day, evening and weekend appointments are available in the Baltimore office or at your residence. Mr. Reichert personally serves clients and files property tax appeals in Baltimore City, Baltimore County, Anne Arundel County, Howard County, Carroll County, Harford County, Frederick County, Montgomery County and throughout the entire State of Maryland.
- Posted by reichertlegal
- Posted in Property Law Maryland, Property Tax Appeal Baltimore Maryland, Property Tax Appeal Maryland, Property Tax Appeal on Purchase of New Home, Property Title Company Baltimore County, Real Estate Lawyer Baltimore Maryland, Real Estate Lawyer Maryland, Tax Appeal Attorney Baltimore, Tax Appeal Lawyer Maryland
- Oct, 14, 2014
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