2294                               Municipal Charters

unencumbered funds shall be considered a surplus at the end of the budget
year and shall be included among the anticipated revenues for the next
succeeding budget year.

39.    (Checks.) All checks issued in payment of salaries or other
municipal obligations shall be issued and signed by the Clerk-Treasurer
and shall be countersigned by the President of the Commission.

40.    (Taxable Property.) All real property and all tangible prop-
erty within the corporate limits of the Town, or personal property which
may have a situs there by reason of the residence of the owner therein,
shall be subject to taxation for municipal purposes. The Commission may
in its discretion, reassess, or make a separate assessment for the purposes
of township taxation only, of all property, real or personal subject to
ordinary taxation within the corporate limits of said Town. The assess-
ment will be accomplished by assessors selected by the Commission and
sworn to them and will be physically carried out between the first day
of June and the Last day of November. No property so assessed shall
be valued at a lower amount then the County assessment. All known
property owners shall be notified by mail if the value assessed to their
property by the Town differs from the value assessed by the County.
No authority is given by this section to impose taxes on any property
which is exempt from taxation by any Act of the General Assembly.

If the owner of any property shall feel aggrieved by assessment,
he may appeal to the Commission within fifteen days from the giving of
the notice above provided for. The Commission is hereby constituted a
Board of Appeal and Equalization of such assessment and may make
such deduction or addition to such assessment, subject to the limitations
herein before enumerated, after hearing, as to them may seem reasonable
and just.

The assessment list as corrected shall be transferred in alphabetical
order to an assessment book by the said Commission, and said book shall
be the basis for levying all taxes in said town. The Commission may pro-
vide by ordinance for certain days within each year at which assessments
may be corrected; on such days they may sit as a Board of Equalization
and Review and make transfers and abatements, and increase, decrease
or correct any assessment which they may find to be at such time improper.

41.     (Budget Authorizes Levy.) From the effective date of the budg-
et, the amount stated therein as the amount to be raised by the property
tax shall constitute a determination of the amount of the tax levy in
the corresponding tax year.

42.    (Notice of Tax Levy.) Immediately after the levy is made by
the Commission in each year, the Clerk-Treasurer shall give notice of
the making of the levy by posting a notice thereof in some public place
or places in the town. He shall make out and mail or deliver in person
to each taxpayer or his agent at his last known address a bill or account
of the taxes due from him. This bill or account shall contain a statement
of the amount of real and personal property with which the taxpayer
is assessed, the rate of taxation, the amount of taxes due, and the date
on which the taxes will bear interest. Failure to give or receive any
notice required by this section shall not relieve any taxpayer of the
responsibility to pay on the dates established by this charter all taxes
levied on his property.