HARRY HUGHES, Governor                                 817

within [one year] 3 YEARS; and [it shall be the duty of] the
Director [to] SHALL order and enforce a review of any
properties upon receipt of a request to do so from the final
assessing authority for the county or city in which [such]
THE properties are located.

(b)  To maintain and enforce a continuing method
of real property REVALUATION [reassessment], so that all

[assessable] real property in every county and Baltimore
City shall be [properly reassessed annually whenever the
annual review required in subparagraph (a) hereof discloses
a change in value] VALUED BASED ON A PHYSICAL INSPECTION
ONCE IN EVERY 3 YEARS UNLESS AN EARLIER VALUATION IS
REQUIRED IN ACCORDANCE WITH THE PROVISIONS OF PARAGRAPH (C)
BELOW. In addition, [the Director and the Department shall
have the power,] at any time, after consultation with the
county commissioners in the several counties, or the [appeal
tax court where such exists, or the board of municipal and
zoning appeals in Baltimore City as the case may be]
PROPERTY TAX ASSESSMENT APPEAL BOARD, [to] THE DIRECTOR AND
THE DEPARTMENT MAY order and enforce a REVALUATION

[reassessment] of any properties, if it appears, after a
consideration and evaluation of the results of the [annual]

[assessment] review required by [subparagraph] PARAGRAPH (a)

[hereof] OF THIS SUBSECTION, that the existing [assessments]
VALUATIONS upon [such] THE properties are erroneous because
they are significantly greater or less than the

[assessments] VALUATIONS on other similar properties
possessing comparable values.

(c)  [All assessable real property in every
county and Baltimore City shall be physically inspected for
reassessment at least once in every 3 years.] SUBJECT TO THE
PROVISIONS OF SECTION 14(B)(1) OF THIS ARTICLE, IF A
VALUATION AS A RESULT OF A PHYSICAL INSPECTION RESULTS IN AN
INCREASE IN FULL CASH VALUE, THAT INCREASE SHALL BE PHASED
IN OVER THE ENSUING 3 TAXABLE YEARS IN EQUAL ANNUAL
INCREMENTS. FOR THE PURPOSES OF NOTICE AND APPEAL UNDER
SECTIONS 29 AND 255 OF THIS ARTICLE, THE DATE OF FINALITY IS
THE FIRST DAY OF JANUARY IMMEDIATELY PRECEDING THE FIRST
TAXABLE YEAR TO WHICH THE ASSESSMENT BASED ON THE INCREASED
VALUATION APPLIES.

(D) ANY PROPERTY SHALL BE REVIEWED, PHYSICALLY
INSPECTED, AND REVALUED IN ACCORDANCE WITH PARAGRAPHS (A)
AND (B) ABOVE IN ANY YEAR THAT;

(1)  THE ZONING CLASSIFICATION OF THE
PROPERTY IS CHANGED;

(2)  A SUBSTANTIAL CHANGE OCCURS IN THE USE
OF THE PROPERTY;

(3)  EXTENSIVE IMPROVEMENTS ARE MADE TO THE
EXISTING PROPERTY;