552 REVENUE AND TAXES. [ART. 81

turn upon the gross amount of interest covenanted to be paid
each year to said mortgagee or his assigns, by the mortgagor,
to be collected by the proper authorities as other taxes for county
purposes in the several counties, and as municipal taxes are col-
lected in Baltimore city, and for State taxes as hereinafter men-
tioned; said taxes, when so collected, shall be applied as follows:
One fourth of the amount so received in each county of the
State and in Baltimore city shall, on or before the thirty-first day
of December, in each and every year, be paid to the comp-
troller of the State treasury, by the several county collectors or
treasurers, and the collector of taxes in Baltimore city, to be paid
into the State treasury; the remaining three-fourths of the
amount so received shall, in each county in this State, be by said
collectors of taxes, paid to the order of the county commissioners
of the several counties, to be by said commissioners applied to
county purposes; and in Baltimore city shall be paid to the order
of the mayor and city council, to be applied as may be deemed
proper, and the tax hereby levied shall, in each year, be due and
payable in the county or Baltimore city, where the mortgage is
recorded; provided, that if any mortgage is recorded in two or
more counties or in Baltimore city, and in any county or counties
of the State, the tax hereby levied shall each year be paid in the
county or Baltimore city, where the greater portion of the prop-
erty covered by the mortgage is located.
Faust v. Building Association, 84 Md. 192.

1898, ch. 313.

146s. For the purpose of collecting said tax, the year shall
begin on the first day of September, and end on the thirty-first
day of August in each succeeding year; and whenever any
mortgage has been recorded only a part of a year, the tax shall
be paid only for that part of the year for which it has been of
record; and all mortgagees or assignees holding mortgages of
record in this State, who shall pay their State taxes thereon on
or before the first day of October of the year in which said taxes
were due and demandable, shall be entitled to a deduction of
five per centum on the amount of paid taxes; all who shall pay
the same on or before the first day of November of the said year,
shall be entitled to a deduction of four per centum, and all who