1354 ARTICLE 4.

Chapter 98; and, in like manner, for the year 1920, the said Board of
Estimates shall fix the rate for local purposes in said taxing district at an
amount equal to 62% of the said full city rate on real estate in said old
city limits; and so on, from year to year, with an increase of 2% each
year of the percentage of the full city rate which is fixed as the rate upon
real estate in the said old city limits, -until the rate in said taxing district
and in said old city limits shall become the same. Beginning with the
rate for the year 1939, and thereafter the 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 pro-
visions of the Baltimore City Charter with regard to the assessment of
property for taxation shall apply to the real and personal property situate
in 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 assessment
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 anything therein
affect the power of the Appeal Tax Court and the Assessors of Baltimore
City to in increase the assessment upon any person or property 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 an-
nexed 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 terri-
tory, the situs of which for purposes of taxation is determined by the