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  • SECTION 455
    Exemption option
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  • TITLE 2
    Private Property
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  • SECTION 457
    Exemption for first-time homebuyers of newly constructed homes
    • Viewing most recent revision (from 2014-09-22)

    SECTION 456

    Municipal railroads

    Real Property Tax (RPT) CHAPTER 50-A, ARTICLE 4, TITLE 2

    § 456. Municipal railroads. Real property held and used for railroad
    purposes by any corporation, all of the capital stock of which is owned
    by a municipal corporation of this state, shall be exempt from taxation
    and exempt from special ad valorem levies and special assessments to the
    extent provided in section four hundred ninety of this chapter.