THEODORE R. MCKELDIN, GOVERNOR 243

"Revenue and Taxes", sub-title "Rules of Construction",
said sections defining the word "assessment" and "ap-
praisal" for, the purposes of the levy of direct taxes; to
repeal and re-enact, with amendments, Sections 13 and
230(8) of Article 81 of said Code, sub-titles "Method of
Assessment'' and "State Tax Commission", revising the
method of assessment to be effective in this State begin-
ning in 1954 and providing that assessments shall be
made regularly in every year with the revaluations to
be applied at the end of each year, as mader , AND
PROVIDING THAT THIS ACT SHALL TAKE
EFFECT ON JULY 1, 1956.

SECTION 1. Be it enacted Ity the General Assembly of Maryland,
That Sections 2(22) and 2(23) of Article 81 of the Anno-
tated Code of Maryland (1951 Edition), title "Revenue and
Taxes", sub-title "Rules of Construction", be and they are
hereby repealed and that Sections 13 and 230(8) of said
Article, sub-titles "Method of Assessment" and "State Tax
Commission", be and they are hereby repealed and re-
enacted, with amendments, to read as follows :

2.

[(22) When used in connection with direct taxes, the
word "assessment" shall mean the valuation assigned to
property for purposes of a tax levy.]

[(23) When used in connection with direct taxes, the
word "appraisal" shall mean the valuation of property
preparatory to its assessment.]

13.

[(a)] Except as hereinafter provided, all property di-
rected in this Article to be assessed, shall be assessed at
the full cash value thereof on the date of finality. Any
assessment existing on June 1, 1929, or thereafter made,
shall continue in force from year to year until changed
pursuant to the provisions of this Article.

[(b) From and after January 2, 1954, all property
directed in this Article to be assessed shall be assessed
annually on the date of finality in the following manner:

(1) For those annual assessments which occur between
January 2, 1954, and the completion of the first full cycle
of appraisals in the county involved or Baltimore City, as
the case may be pursuant to Section 230(8) (b) of this
Article, all such property shall be assessed at such value
as would have been the full cash value thereof on the date