HARRY HUGHES, Governor

235

8-204. ASSESSING PERSONAL PROPERTY.

(A)  FREQUENCY OF ASSESSING.

PERSONAL PROPERTY SUBJECT TO ASSESSMENT SHALL BE ASSESSED
ANNUALLY.

(B)  REQUIREMENTS FOR ASSESSING.

THE ASSESSMENT OF PERSONAL PROPERTY FOR THE DATE OF FINALITY
IS BASED ON:

(1)  INFORMATION REQUIRED TO BE INCLUDED IN THE REPORT
TO BE FILED UNDER § 11-101 OF THIS ARTICLE BY APRIL 15 FOLLOWING
THE DATE OF FINALITY; OR

(2)  IF A REPORT IS NOT FILED OR IS INCOMPLETE, ANY
AVAILABLE INFORMATION THAT THE DEPARTMENT OR SUPERVISOR HAS.

REVISOR'S NOTE: Subsection (a) of this section is new
language derived without substantive change from the
first sentence of former Art. 81, § 14(c).

Subsection (b) of this section is new language added
to clarify the assessment procedure for personal
property. See also § 8-201 of this subtitle and the
defined terms for date of finality in § 1-101 of this
article.

In subsection (a) of this section, the phrase "subject
to assessment" is added to clarify that not all
personal property is subject to assessment.

The second sentence of former Art. 81, § 14(c), which
applied to real property, now appears as § 8-203(a) of
this subtitle.

In Mid Towne Plymouth, Inc. v. State Tax Dept., 228
Md. 66 (1962) the Maryland Court of Appeals held that
annual assessments of personal property were required
by the annual certification of assessments to the
collector and by the annual averaging of the inventory
of a motor vehicle dealer.

Defined terms: "Assess" § 1-101

"Assessment" § 1-101 "Date of finality" § 1-101
"Department" § 1-101 "Includes";"including" § 1-101
"Supervisor" § 1-101

8-205. MANNER OF ASSESSING REAL PROPERTY.

(A) WHEN REASSESSED.