|
|
|
|
|
|
|
ANNEXATION ACT. 777
tax rate shall be the same throughout the entire city limits of the City
of Baltimore as enlarged by this Act, provided that nothing in this Act
shall be intended to repeal or affect any law or ordinances now existing
or which may hereafter be passed fixing different rates of taxation upon
different classes of property, the intent of this provision being that,
beginning with the year 1939 and thereafter, there shall be the same
rate of taxation throughout the entire limits of Baltimore City upon the
same classes of property. The provisions of the Baltimore City Charter
with regard to the assessment of property for taxation shall apply to the
real and personal property situate iu the territory annexed by this Act
to Baltimore City, and to the personal property of residents of said
territory, to the same extent as they apply to the real and personal
property situate in and to the personal property of persons resident in
the limits of Baltimore City as they existed prior to the passage of this
Act; provided, however, that no existing assessment on real or personal
property situate in the territory annexed by this Act to Baltimore City
or upon persons resident in such territory because of the ownership of
real or personal property, shall be increased by the Appeal Tax Court
or the assessors of Baltimore City prior to the assessment upon which
taxes shall be levied for the year 1922, but this provision shall not be
construed to prevent the proper assessment, under the provisions of the
Charter of Baltimore City of any property, or of any persons by reason
of the ownership of property, which may have been subject to assess-
ment in said annexed territory at the time of the passage of this Act
but which may have escaped or been omitted from the assessment rolls
of Baltimore and Anne Arundel Counties, respectively. Nor shall any-
thing herein affect the power of the Appeal Tax Court and the Assessors
of Baltimore City to increase the assessment upon any person or prop-
erty by reason of new or additional property acquired after the passage
of this Act, or to increase the assessment upon real estate by reason of
the construction of improvements thereon after the passage of this Act,
or of improvements which may have been constructed so recently before
the passage of this Act as not to have been assessed at the time of the
passage of this Act. The rate of local taxation provided by this Section
for the territory annexed by this Act to Baltimore City shall apply to
all real and leasehold property situated in said territory, to all personal
property located in said territory the situs of which for purposes of
taxation is determined by the place of physical location, to all personal
property including shares of the capital stock of corporations belonging
to residents in said territory, the situs of which for purposes of taxation
is determined by the place of residence of the owner, and to the propor-
tion of the personal property of ordinary business corporations appor-
tioned under the Act of 1914, Chapter 324, Section 88C, to the capital
stock of such corporations owned by residents of said territory. Pro-
vided, however, that nothing in this Act shall affect the provisions of
Section 214 of Article 81 of Bagby's Code, as amended by the Act of
1934, Chapter 411, relating to the taxation of securities therein named.
|
|
|
|
|
|
|
|
 |
