1604 LAWS OF MARYLAND [CH. 539

there by reason of the residence of the owner therein, shall
be subject to taxation for municipal purposes, and the
assessment for said purpose shall be the same as that for
state and county taxes.; PROVIDED, THAT NO AU-
THORITY IS GIVEN BY THIS SECTION TO IMPOSE
TAXES ON ANY PROPERTY WHICH IS NOW OR
MAY HEREAFTER BE EXEMPT FROM TAXES BY
ANY SPECIAL OR GENERAL ACT OF THE GENERAL
ASSEMBLY OF MARYLAND.

AGRICULTURAL PROPERTY

109. The City of Frederick by action of the board of
aldermen may exempt from taxation all agricultural prop-
erty within the city or may levy a lower tax rate thereon
than is levied on other property within the city. For the
purposes of this section, agricultural property shall include
all unimproved land used exclusively for agricultural pur-
poses, all barns, stables, and similar improvements located
thereon, and all farming implements and stock used in
connection therewith. Nothing in this section shall be
deemed to permit the exemption from taxation or the levy-
ing of a lower tax rate on any dwellings or improvements
other than those mentioned above and the land on which
these are erected and the curtilage and garden used in
connection therewith.

INDUSTRIAL EXEMPTIONS

110. To encourage industrial expansion and develop-
ment in the City of Frederick, the board of aldermen by a
general ordinance is authorized to exempt from taxation
for municipal purposes the buildings and equipment owned
and operated by any manufacturing company or associa-
tion within the corporate limits of the city. Any exemption
from taxation under the provisions of this section shall be
extended to all manufacturing companies and associations
within the city engaged in the branch of manufacturing
which will benefit by any such exemption.

WHEN TAXES ARE OVERDUE

111. The tax year shall be from January 1 through
December 31. The taxes provided for in Section 107 of
this charter shall be due and payable on or after the first
day of January and shall be overdue and in arrears on the
first day of the succeeding September. They shall bear
interest at the rate of one-half of one per cent (0. 5%) for
each month or fraction of a month thereafter until paid.
All taxes not paid and in arrears after the first day of the