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a State tax of 15 cents on the market value, and provided interest
is paid on such holdings.
The tax is not imposed on the following:
Non-dividend paying bonds of corporations and non-dividend
paying shares of foreign corporations.
Shares of stock in Maryland corporations.
Ordinary mortgages.
Book accounts of merchants,
Savings accounts.
Money and credits.
State, county and municipal stocks issued by any public sub-
division in Maryland.
The holdings of banks, trust companies, insurance companies
and other corporations subject to assessment on shares.
Praise for the successful administration has been given for the
result in Baltimore City, but the result in Baltimore County is
quite as creditable. In 1897 the amount there was $14,000,000, In
1902 this had increased to 118,838,151, in 1907 to 124,827,570, and
in 1912 to $48,099.285. In 1914 the amount of property in this
classification reached $49,792,08S, and for 1915 was $51,222,356.
Appended herewith are figures showing the changes in assessment
in Baltimore City and Baltimore County from 1896 to 1915.
It is interesting to know the percentage of increase of these
two communities. In 1914 the per capita assessment in the city of
NOTE.—Assessment of interest-paying bonds, certificates of Indebtedness,
stocks of foreign corporations (subject to the 30-cent rate)—
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IN
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BALTIMORE CITY
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1898.....
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... $6,000,000
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1903....
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.... 194,336,562
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1910....
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...$168,666,848
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1897.....
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... 58,703,795
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1904....
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..... 88,971,333
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1911,...
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... 165,834,235
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1898,....
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. , 60,699,686
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1906....
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..... 104,221,227
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1912....
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... 179,412,676
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1899.....
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. , 61,890,764
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1906....
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... 120,423,814
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1913....
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... 177,385,419
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1900.....
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... 65,789,903
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1907....
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... 150,947,733
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1914....
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... 191,970,999
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1901..
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... 68,879,484
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1908....
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... 146,688,857
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1915....
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... 208,431,712
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1902.....
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... 89,880,484
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1909....
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... 148,234,110
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IN
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BALTIMORE COUNTY
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1896.
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Not available
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1903....
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$17,946,538
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1910...
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.... 134,528,280
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1897..
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$14,000,000
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1904....
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, ... 20,649,574
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1911...
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.... 38,533,615
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189
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14,768,460
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1905,...
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..... 21,807,345
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1912...
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.... 43,099,285
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1899
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14,265,708
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1906....
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..... 23,248,190
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1913...
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.... 43,888,320
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1900...
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14,452,568
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1907,...
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..... 24,827,570
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1914...
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.... 49,792,083
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1901...
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12,736,213
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1908....
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..... 26,175,440
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1915.....
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.... 51,222,366
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1902
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18,838,151
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1909....
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... , 29,806,605
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