HARRY HUGHES, Governor

55

Defined term: "Real property" § 1-101
(AA) PROPERTY TAX.
"PROPERTY TAX" MEANS THE PROPERTY TAX IMPOSED BY:

(1)  THE STATE;

(2)  A COUNTY; OR

(3)  A MUNICIPAL CORPORATION.

REVISOR'S NOTE: This subsection is new language added for
clarity.

Defined terms: "County" § 1-101
"Municipal corporation" § 1-101

(BB) QUARTERLY DATE OF FINALITY.

"QUARTERLY DATE OF FINALITY" MEANS THE APRIL 1 OR OCTOBER 1
WHEN ASSESSMENTS MAY BE MADE FOR REAL PROPERTY THAT BECOMES
ASSESSABLE UP TO THAT TIME AND AFTER THE LAST DATE OF FINALITY OR
SEMIANNUAL DATE OF FINALITY.

REVISOR'S NOTE: This subsection is new language derived
without substantive change from the third sentence of
former Art. 81, § 2(20) and from the second clause of
the second sentence of former § 29A(a).

The former reference to action by a county or
municipal corporation for purposes of Art. 81, § 50(c)
is deleted as superfluous in light of the revision of
§ 10-104 of this article.

As to the substantive provisions that describe the
operation of the quarterly date of finality, see §§
10-104 and 10-105 of this article.

Defined terms: "Assessment" § 1-101

"Date of finality" § 1-101 "Real property" § 1-101

"Semiannual date of finality" § 1-101

(CC) REAL PROPERTY.

(1) "REAL PROPERTY" MEANS ANY LAND OR IMPROVEMENTS TO

LAND.

(2) "REAL PROPERTY" INCLUDES:

(I) A LEASEHOLD OR OTHER LIMITED INTEREST IN
REAL PROPERTY; AND

(II) AN EASEMENT.