§ 8-101

# (a)

For assessment purposes, property shall be divided into classes and subclasses.

# (b)

Real property is a class of property and is divided into the following subclasses:

# (1)

land that is actively devoted to farm or agricultural use, assessed under § 8-209 of this title;

# (2)

marshland, assessed under § 8-210 of this title;

# (3)

woodland, assessed under § 8-211 of this title;

# (4)

land of a country club or golf course, assessed under §§ 8-212 through 8-217 of this title;

# (5)

land that is used for a planned development, assessed under §§ 8-220 through 8-225 of this title;

# (6)

rezoned real property that is used for residential purposes, assessed under §§ 8-226 through 8-228 of this title;

# (7)

operating real property of a railroad;

# (8)

operating real property of a public utility;

# (9)

property valued under § 8-105(a)(3) of this subtitle;

# (10)

conservation property, assessed under § 8-209.1 of this title; and

# (11)

all other real property that is directed by this article to be assessed.

# (c)

Personal property is a class of property and is divided into the following subclasses:

# (1)

stock in business;

# (2)

distilled spirits;

# (3)

operating personal property of a railroad;

# (4)

operating personal property of a public utility that is machinery or equipment used to generate electricity or steam for sale;

# (5)

all other operating personal property of a public utility;

# (6)

machinery and equipment, other than operating personal property of a public utility, that is used to generate:

(i) electricity or steam for sale; or

(ii) hot or chilled water for sale that is used to heat or cool a building; and

# (7)

all other personal property that is directed by this article to be assessed.