Md. Code, TP § 14-824 Purchase By County Commissioners Or Other Taxing Agencies - In General

• Library: Maryland Statutes
• Edition: 2023
• Currency: Current through November 23, 2023
• Year: 2023
• Citation: Md. Code, TP § 14-824

(a) Except as provided in subsection (b) of this section, the governing body of a county or other taxing agency shall buy in and hold any property in their respective counties offered for sale for nonpayment of any taxes for which there is no private purchaser.

(b)

(1) The governing body of a county or other taxing agency may buy in and hold any abandoned property for which there is no private purchaser for the amount of the minimum bid set pursuant to § 14-817(c)(2) of this subtitle.

(2) The governing body of a county or other taxing agency may transfer any interest it acquires in abandoned property to a land bank authority established under § 1-1403 of the Local Government Article of which the governing body or other taxing agency is a member.