Property Tax Appeals - Commercial and Industrial Property - Fees
If enacted, SB885 would amend existing laws pertaining to property tax assessments in Maryland, specifically targeting commercial and industrial properties. By instituting a filing fee, the legislation aims to streamline the appeal process and reduce the number of appeals that may lack substantial justification. However, this move may also lead to concerns over accessibility for smaller property owners who may find the fees an additional burden when contesting assessments, especially if their properties are mistakenly overvalued.
Senate Bill 885 proposes new requirements regarding filing fees for appeals related to property tax assessments and classifications of commercial and industrial properties. The bill introduces a $50 filing fee for appeals concerning properties with an assessed value exceeding $1,000,000. This provision is aimed at formalizing the appeal process and generating a nominal revenue stream for the state while potentially deterring frivolous appeals, which could burden the assessment boards.
The bill may face contention among stakeholders, particularly among property owners and advocacy groups who may view the filing fee as a deterrent that could restrict their right to appeal assessments. Critics could argue that the additional financial obligation may disenfranchise individuals or small businesses that feel that their property tax assessments are unjust. Additionally, discussions surrounding the bill will likely center on the implications of centralized authority in property tax appeals and concerns over fairness in the assessment process.