1762                               LAWS OF MARYLAND                         [CH. 825

or for which appropriations are made, expenditures are authorized,
accounts are reckoned, and books are balanced. The period is as
specified in Section 29 A of this Article.

(20b) The term "levy" means for the State and for every County,
incorporated city or town, and taxing district the formal imposition
of property taxes, at a certain fixed rate on assessed valuation, and
the doing of whatever is necessary to authorize the collection of
these taxes.

(20c) The term "taxable year" means for the State and for every
county, incorporated city or town, and taxing district the period by
or for which property taxes are computed, levied, and collected,
including those taxes collected as a result of the semi-annual levy.
The period is as specified in Section 29A of this Article.

19.

(a) In valuing and assessing real estate, the land itself and the
buildings or other improvements thereon shall be valued and assessed
separately; and buildings or improvements not substantially com-
pleted on the date of finality or, semi-annual date of finality OR
QUARTERLY DATE OF FINALITY shall not be assessed at all. In
case of the separate ownership of the surface of land and of minerals
or mineral rights therein, the assessing authority may, in its discre-
tion, make separate assessments of the value of the surface and of
such minerals or mineral rights. In Charles County, and in Calvert
County land which is planned or projected for subdivision use shall
not be assessed as subdivided units until actually conveyed as such.

29.                                                                                           

(a) Before (1) any existing valuation of property for tax purposes
shall be increased, or (2) any classification of any property changed,
or (3) [any tax liability against any person transferred to another
person, or (4)] any new valuation of property made against any
person; or [(5)] (4) whenever any person applies for a change in
an existing valuation or classification and there is a change or refusal
to change an existing valuation or classification, or [(6)] (5) when-
ever a valuation or classification for a given year, or part thereof,
has been appealed, but not finally determined, and the same valua-
tion or classification is made for a subsequent year, on property
locally assessed, either by the State Department of Assessments and
Taxation (acting within its original jurisdiction), the supervisors of
assessments for the county or department of assessments of Balti-
more City, it shall be the duty of the appropriate authority to notify
the person against whom it is proposed to make, increase, change
or refuse to change such valuation or classification by a written or
printed notice, appointing a day for such person to make answer
thereto or present such proof as he may desire in the premises. Fail-
ure to send a notice of assessment in the class of cases set forth in
clause [(6)] (5) of this subsection shall not void any assessment
for a subsequent year but the provisions of Section 214A of this
article shall be applicable.

DATE OF FINALITY, FISCAL YEAR AND TAXABLE YEAR
29A. Dates Specified.

(a) From and after December 31, 1965, for the State and every