Each parcel of land should be considered a single legal entity. Each parcel should be valued at its full cash value as of the date of finality regardless of ownership. This valuation should consider the highest and best use of each individual lot. There should be no favorable consideration given for bulk ownership.

Tax-Property Article, Title 2-211 allows the separate assessment of each lot in a subdivision and Title 8-102 requires the valuation of all real property at full cash value. The highest and best use of the land must be considered when valuing property at its full cash value or market value.