174

LAWS OF MARYLAND.

person; and said assessor shall personally inspect all real estate
in their respective districts. In determining and settling such
valuation, the assessors shall value each item of. the same at
its full cash value without looking to a forced sale. If the
said assessors shall value any property returned to them in said
schedules at a greater valuation than the value of the' same as
estimated by the owner or holder thereof, then it shall be the
duty of said assessors to notify the person or persons whose
assessment has been so increased of the property upon which
the increased valuation has been made, and the amount of such
increase. This notice shall be served personally upon the per-
son in whose name said property has been listed, or by leaving
the same at the place of residence of said person or upon the
premises, the assessment of which has been so increased.
Unless said taxable person shall, within twenty days after the
receipt of said notice of increased valuation and assessment
of said property, file a notice of appeal in writing with the
Board of County Commissioners acting as a Board of Control
and Review of the county in which the assessment has been
made, or with the Board of Control and Review of Baltimore
city, if the assessment has been made in said city, said valua-
tion and assessment shall be final and binding upon said per-
sonal property, except in so far as the same may be changed
by the Board of County Commissioners of the respec-
tive counties of this State, or the Appeal Tax Court
of Baltimore city, as hereinafter provided for. All prop-

Where prop-
erty to be
assessed.

erty permanently located in any county in this State
or in the city of Baltimore, shall be valued and assessed
to the owner thereof in the assessment district in which the
said property is located. All shares of stock in any National
bank, corporation, association or company incorporated under
the laws of this State, and belonging to any non-resident
owner, and all other personal property located in this State
belonging to any non-resident owner shall be valued and as-
sessed to the owner thereof, in the assessment district in which
said bank, corporation, association or company may have its
principal place of business in this State, or in which said per-
sonal property may be so located; or personal property belong-
ing to a resident of this State shall be valued and assessed to
the owner thereof in the 'assessment district in which said owner
may reside, except goods and chattels permanently located in
any city or county of this State, which shall be valued and
assessed to the owner thereof in the city or county in which
they are so located. All rolling stock of all railroads worked
by steam, employed in operating and running over lines of