(a) Personal property subject to assessment shall be assessed annually.
(b) 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 has.
Structure Maryland Statutes
Title 8 - Valuation and Assessment
Subtitle 2 - Assessment Procedures
Section 8-201 - Assessing of Property by Department
Section 8-202 - Assessing of Property by Supervisors
Section 8-203 - Duration of Real Property Assessment or Value
Section 8-204 - Assessing Personal Property