502                              Laws of Maryland                      [Ch. 387

Powers", sub-heading "Taxes", be and it is hereby repealed and
re-enacted, with amendments, to read as follows:

6.

(33) (a) Subject to the provisions of 33 (b and c) hereof, to [To]
assess for tax purposes, levy annually and collect taxes upon every
description of property found within the corporate limits of the City
which the City is authorized by law to levy tax upon for the purpose
of defraying the expenses of the municipal government, whether the
owners thereof reside within or without the limits of the City.

(b)  (i) To assess for tax purposes and make first quarter-annual
levy on or before January 1st, of each year on new real property
substantially completed and the improvements to existing real prop-
erty substantially completed by the preceding December 1st, within
the corporate limits of Baltimore City; and City real property taxes
so assessed and levied shall be payable as of February 1st, for the
12-months' period, accounting from the preceding January 1st; (ii)
and to assess for tax purposes and make second quarter-annual levy
on or before April 1st, of each year on new real property substan-
tially completed and the improvements to existing real property sub-
stantially completed by the preceding March 1st, within the corpo-
rate limits of Baltimore City; and city real property taxes so assessed
and levied shall be payable as of May 1st, for the nine-months' period
accounting from the preceding April 1st; (iii) and to assess for tax
purposes and make third quarter-annual levy on or before July 1st,
of each year on new real property substantially completed and the
improvements to existing real property substantially completed by
the preceding June 1st, within the corporate limits of Baltimore City;
and city real property taxes so assessed and levied shall be payable
as of August 1st, for the six-months' period accounting from the
preceding July 1st; (iv) and to assess for tax purposes and make
fourth quarter-annual levy on or before October 1st, of each year
on new real property substantially completed by the preceding Sep-
tember 1st, within the corporate limits of Baltimore City, and city
real property taxes assessed and levied shall be payable as of Novem-
ber 1st, for the three-months' period accounting from the preceding
October 1st.

All funds so collected shall be credited to the general funds of
Baltimore City.

(c)  To re-assess for tax purposes at any quarter-annual levy period
set out in paragraph (b) hereof any real property within the corpo-
rate limits of Baltimore City partially or totally damaged or de-
stroyed by fire or other causes, improvements razed or removed
therefrom, and to adjust for the current year from the date of re-
assessment City real property taxes previously assessed and levied,
and to refund to the owner City real property taxes based on the re-
assessment. City real property taxes based on the re-assessment, to-
gether with unpaid taxes for the period of the current year prior to the
date of re-assessment prorated on the assessment and levy made im-
mediately prior to the re-assessment, shall be due and payable within
thirty (30) days from the date of the re-assessment.

(d)  To create such department, bureau or other agency as it may
deem appropriate to make all such assessments, and to confer upon
the [Appeal Tax Court] Board of Municipal and Zoning Appeals,