{"data":{"id":"us-md/md.-code-tax-property-8-418","jurisdiction":"us-md","citation":"Md. Code, Tax - Property § 8–418","heading":"","body":"(a) After any personal property that is subject to assessment by § 8-417(d) of this subtitle as escaped property is assessed, the Department shall determine if:\n(1) the owner failed to report accurately the cost or other information as to the escaped property; and\n(2) the failure to report accurately caused the escaped property to be assessed at less than its value.\n(b) (1) Notice of the assessment of escaped property under § 8-417(d) of this subtitle and the imposition of any penalty under § 14-705 of this article shall be given as provided by § 14-402 of this article.\n(2) The notice shall separately state:\n(i) the assessment of the escaped property; and\n(ii) the penalty imposed under § 14-705 of this article.","path":["Article - Tax - Property"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gtp\u0026section=8-418","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T20:01:27Z","sha256":"394898d7b67bbef45a539d73592b6e0739385241de27ea4bc954b801d0aa238c","source_id":"us-md","stale":false,"prev":"us-md/md.-code-tax-property-8-417","next":"us-md/md.-code-tax-property-8-419"},"notice":"GroundRules: Original legal text. Not legal advice."}