news & events

Take Advantage of the “60-Day Rule” for Reducing Property Taxes

Posted June 18, 2012 at 5:25 AM

“What you don’t know won’t hurt you,” goes the old proverb.  But in tough economic times the better practice is to arm yourself with information that saves money.  This applies to the “appeal upon purchase” right granted to new property owners.   Many purchasers of residential and commercial property in Maryland don’t know they have a special right to appeal their property assessment during the first 6 months of the year.

Purchasers of properties that are transferred after January 1 and before July 1 have a special right to appeal the assessment within sixty (60) days of the date of transfer.   For transfers completed after June 30, the purchaser must wait until year-end for any appeal to be processed.  The statutory framework also allows for appeals to be filed after July 1st if the date of the delivery of the deed was prior to July 1st.  The new owner must closely follow the 60-day calendar to benefit from the appeal right.

Learn more about the buyer’s right to appeal under the “60-Day Rule” by clicking download attachment below to read Michael Campbell’s explanation of the rule.

Miller, Miller & Canby has represented commercial and residential property owners for over 65 years with real estate transactions, financing, settlements, litigation and property tax appeals. Contact Mike Campbell to take advantage of the “60-Day Rule” and potentially reduce your commercial real estate property tax.