(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: (1) the owner failed to report accurately the cost or other information as to the escaped property; and (2) the failure to report accurately caused the escaped property to be assessed at less than its value. (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. (2) The notice shall separately state: (i) the assessment of the escaped property; and (ii) the penalty imposed under § 14-705 of this article.
Maryland Legal Code