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WILLIAM SMALLWOOD, Esq; Governor.
buildings and improvements, in said town, who shall have authority to
inquire as aforesaid. And the commissioners of the several counties,
and
of Baltimore-town, respectively, shall examine all former returns of property
in the towns, and upon the best information they can get, and view
of the premises, if necessary, shall value the ground-rent and real property
in the towns aforesaid, according to the rules herein after prescribed. |
1785.
CHAP.
LIII. |
VII. And be
it enacted, That the commissioners, in estimating estates
and interests in lands, shall observe the following rules, to wit, that
all
lands held or enjoyed immediately by tenants in fee-simple absolute, or
fee-simple conditional or executory, or fee-tail, shall be wholly valued
to
such tenants; and where divers persons have particular estates or interests
carved out of the same inheritance, as in dower, or by the courtesy,
or
for life or years with reversions or remainders for life, in tail or fee-simple,
a just computation thereof shall be made in proportion to the value
of their particular interests therein, so that added together they shall
amount to the full value of such lands, estimated agreeably to the directions
of this act, and no more; and the said commissioners shall, in making
their computation aforesaid, consider the tenantcy in dower, by the
courtesy, or for life in possession, or estate for fifteen years without
any
valuable rent reserved, generally worth half the value of the fee-simple,
but they may vary from this general rule as justice may require, considering
the age and health of the tenant in dower, by the courtesy, or for life,
and the chance of the remainder or reversion, or the length of the term
for years, and value of the rent reserved, as the case may be; and if the
tenant, or person holding a particular estate or interest, shall pay the
public
the sum valued for the estate or interest of any landlord, reversioner,
or remainderman, the person so paying may retain the and in his possession
until he is repair, or may have his action against the lessor, reversioner,
or remainderman, or his heir, executor or administrator, for the
sum he shall pay, as for money paid for his use, or may deduct the money
so paid, or any part thereof, out of any rent reserved upon his tenantcy;
but where a valuable and full rent is reserved, so that the interest
of the tenant cannot be considered as valuable, the landlord, or person
entitled in fee-simple or fee-tail to the land or property from which the
rent issues, shall pay on the whole value of the lands, and the tenant
in
such case paying the public, may retain, deduct, or have his action, as
aforesaid. |
How fee-simple
estates are
to be valued,
&c. |
VIII. And be
it enacted, That as a rule for the commissioners of the
tax to ascertain the value of ground-rent in Annapolis, Frederick, Baltimore
and its precincts, and other towns, the persons entitled to ground-rent
to the amount of eight pounds, shall be assessed as for one hundred
pounds capital, and in the same proportion for any greater or less sum
of
ground-rent; and the lessees, or persons holding the ground, shall
be assessed
on the actual worth of the improvements made since the lease or
conveyance, and the present value of the land, after deducting therefrom
the value thereof at the time of the lease or conveyance, which value shall
be estimated at one hundred pounds for every eight pounds of the ground-rent
reserved, and so pro rato for every greater or less sum of ground-rent;
and the lessees, or persons holding the grounds, shall be chargeable with
and pay the sum rated to the lessors, and may deduct the same out of the
rent, unless otherwise agreed between the person holding the
'ground when the same was assessed, cannot be found, so that the sum
rated
to the person entitled to the ground-rent cannot be collected from the
person holding the ground, then the person entitled to the rent shall be
liable
to pay the assessment on the same. And as a rule for the commissioners
to
ascertain the value of houses in Annapolis, Frederick, Baltimore and its |
How ground-rent
in towns
is to be ascertained,
&c. |
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