Lane v. Supervisor of Assessments of Montgomery Co.

Maryland law requires that, unless exempted, all real property in the State be assessed for property tax purposes. The assessment is calculated by reference to the value on the “date of finality,” which is defined as “January 1, immediately before the 1st taxable year to which the assessment based on the new value is applicable.” Md.Code Ann., Tax-Prop. (“TP”) § 8-104(b)(1) (2009, 2012 Repl.Vol.). This case presents the ques*458tion of whether the Tax Property Article prohibits the Maryland Tax Court from taking into account sales of comparable properties that occur after the date of finality in…