4302

COUNTY LOCAL LAWS

months from October 1 and January 1, respectively, of the
year in which such taxes are levied.

(c) At any time after March 1 next succeeding the
date taxes are due and payable, and not before, payment
may be enforced by sale, as provided by law; except, that
as to one—half and three—quarter year levies, enforcement
by sale shall be at any time after March 1 next
succeeding one year from the date of levy.

Sec. 5. Section 84—7, title "Date of finality for
tax purposes; when taxes due and payable; date when taxes
overdue; penalty for late payment of taxes; when
improvements assessable," of Chapter 84 of the Montgomery
County Code 1965, as amended, is hereby repealed and
re—enacted, with amendments, to read as follows:

84—7. Date of finality for tax purposes; when taxes due
and payable; date when taxes overdue; penalty for late
payment of taxes; when improvements assessable.

(a)    The date of finality for tax purposes, as that
term is defined in section 2 of article 81 of the
Annotated Code of Maryland 1957, is hereby established as
January 1, the semiannual date of finality is hereby
established as July 1, and the quarterly dates of
finality are hereby established as October 1 and January
1.

(b)    Ordinary taxes shall be due and payable
without interest as of the first day of July in each
taxable year. These taxes are overdue and in arrears on
the first day of the succeeding October, and from and
after the first day of October they shall bear interest
at the rate of one—half of one per cent for each month or
fraction thereof until paid.

(c)    Taxes based upon an assessment made as of a
semiannual date of finality shall be levied for the full
taxable year beginning on the same day.

(d)    Any real property completed during the period
after July 1 in any year and through September 30, or
otherwise first added to the tax rolls during such period
is hereby subject to the payment of property taxes for
the nine months beginning on October 1 and ending on the
next succeeding June 30. The taxes for these nine months
shall be computed by using the assessed valuation of the
property at three—fourths the current annual tax rate for
the county, and taxes imposed for these nine months shall
be due and payable as of the specified day of October 1,
or as of the date a tax bill therefore was or reasonably
should have been received or available, whichever is the
later date. No interest or penalties may be charged or