Subtitle 6 – Discounts, Interest, and Penalties

All ordinary City taxes which are due and payable on July 1 for any year shall be overdue and in arrears on October 1 of the same calendar year, and from and after that date they shall bear, until paid:

The aforegoing due dates as stipulated in this subsection shall apply to all taxes based upon assessments reported to the Director of Finance provided that the bill therefor is rendered on or before August 31 in the taxable year for which such taxes apply.

Taxes based upon assessments reported to the Director of Finance, bills for which are rendered after August 31, in the taxable year for which such taxes apply, will be considered delinquent 30 days after the date of the bill therefor.

Such bills, if not paid within the 30-day period, shall bear, until paid:

Pursuant to the provisions of State Tax-Property Article §§ <cite data-doc="Md. Code" data-path="gtp|10-104">10-104</cite>, <cite data-doc="Md. Code" data-path="gtp|14-604">14-604</cite>, and <cite data-doc="Md. Code" data-path="gtp|14-702">14-702</cite>, there is hereby levied a tax on any real property completed during the period after July 1 in any year and through September 30, or otherwise first added to the assessment rolls during such period, for the 9 months beginning on October 1 and ending on the next succeeding June 30.

Taxes for these 9 months shall be computed by using the assessed valuation of the property at ¾ the current annual tax rate, and taxes imposed for these 9 months shall be due and payable as of the specified day of October 1 or as of the day a tax bill therefor was or reasonably should have been received or made available, whichever is the later date.

interest at the rate of 1% for each month and fraction thereof; and

penalty at the rate of 1% for each month and fraction thereof until paid.

Taxes levied pursuant to State Tax-Property Article §§ <cite data-doc="Md. Code" data-path="gtp|10-103">10-103</cite>, <cite data-doc="Md. Code" data-path="gtp|14-604">14-604</cite>, and <cite data-doc="Md. Code" data-path="gtp|14-702">14-702</cite>, on any real property completed during the period after October 1 in any year and through January 1 in the next succeeding year shall be computed by using the assessed valuation of the property at ½ the current annual tax rate.

Taxes imposed for these 6 months shall be due and payable as of the specified day of January 1 or as of the day a tax bill therefor was or reasonably should have been received or made available, whichever is the later date.

interest at the rate of 1% for each month and fraction thereof; and

penalty at the rate of 1% for each month and fraction thereof.

Pursuant to the provisions of State Tax-Property Article §§ <cite data-doc="Md. Code" data-path="gtp|10-105">10-105</cite>, <cite data-doc="Md. Code" data-path="gtp|14-604">14-604</cite>, and <cite data-doc="Md. Code" data-path="gtp|14-702">14-702</cite>, there is hereby levied a tax on any real property completed during the period after January 1 in any year and through March 30, or otherwise first added to the assessment rolls during such period, for the 3 months beginning on April 1 and ending on the next succeeding June 30.

The taxes for these 3 months shall be computed by using the assessed valuation of the property at ¼ the current annual tax rate, and taxes imposed for these 3 months shall be due and payable as of the specified day of April 1 or as of the day a tax bill therefor was or reasonably should have been received or made available, whichever is the later date.

interest at the rate of 1% for each month and fraction thereof; and

penalty at the rate of 1% for each month and fraction thereof.