YES. Property taxes are paid either by the homeowner or the CLT, via an agreement between them. The state assesses the fair market property value in CLT homes by taking into account any limitation on resale prices set forth in the CLT ground lease. If CLTs operate rental housing for low-income persons, they may be eligible for a tax exemption, yet are required to make Payments in Lieu of Taxes (PILOT) to the City just like any other non-profit low-income rental-housing provider. Where CLTs control land for conservation or preservation purposes, they can apply for an exemption from property taxes, if certified as environmental land trusts by the state.
Source: Md. Tax-Property §§7-202(b), 7-304, 7-503, 7-504, and 7-506.2.