{"data":{"id":"us-md/md.-code-tax-general-7-211","jurisdiction":"us-md","citation":"Md. Code, Tax - General § 7–211","heading":"","body":"(a) The person responsible for paying the inheritance tax may elect to value real property, for purposes of the inheritance tax:\n(1) at its most recent real property assessment plus any inflation allowance if, for the 5 years immediately before the date of the death of the decedent, the real property qualifies under § 8-209 or § 8-211 of the Tax - Property Article as farmland or woodland; or\n(2) based on its actual use on the date of the decedent’s death if the real property qualifies as National Register property by a listing in the National Register of Historic Places, whether as a separate property or as a part of a listed district.\n(b) (1) To elect a valuation under subsection (a) of this section, the person responsible for paying the inheritance tax shall file with the register a statement that:\n(i) contains a written election of a valuation under subsection (a) of this section, in the form and manner that the Comptroller requires; and\n(ii) describes the qualifying real property in reasonable detail, including its fair market value.\n(2) The statement shall be filed:\n(i) with the administration account that affects the distribution of the qualifying real property; or\n(ii) if the qualifying real property is not subject to formal administration, with the report or inventory required under § 7-224 or § 7-225(c) or (d) of this subtitle.","path":["Article - Tax - General"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gtg\u0026section=7-211","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T20:01:18Z","sha256":"200453f161ec09a2e5a66f148e04c14d8845398e53a50de565a84f1bc2451f8d","source_id":"us-md","stale":false,"prev":"us-md/md.-code-tax-general-7-210","next":"us-md/md.-code-tax-general-7-214"},"notice":"GroundRules: Original legal text. Not legal advice."}