Section 7-304 - Land Trusts

(a) Property is not subject to State property tax if the property is: (1) owned by a land trust as defined in § 3-2A-01 of the Natural Resources Article that is certified by the Maryland Environmental Trust to be a land trust in good standing and to have a cooperative agreement in effect; and (2) used: (i) to assist in the preservation of a natural area; (ii) for the environmental education of the public; (iii) to conserve agricultural land and to promote continued agricultural use of the land; (iv) generally to promote conservation; or (v) for the maintenance of a natural area for public use or a sanctuary for wildlife. (b) To qualify for an exemption under this section, a land trust shall obtain a written certification every 5 years beginning July 1, 1998, or as scheduled by the Maryland Environmental Trust.