<?xml version='1.0' encoding='utf-8'?>
<section article="gtp" article_name="Tax - Property" number="8-204" title_number="8" title_name="Valuation and Assessment" subtitle_number="2" subtitle_name="Assessment Procedures">
  <level label="a">
    <text>Personal property subject to assessment shall be assessed annually.</text>
  </level>
  <level label="b">
    <text>The assessment of personal property for the date of finality is based on:</text>
    <level label="1">
      <text>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</text>
    </level>
    <level label="2">
      <text>if a report is not filed or is incomplete, any available information that the Department has.</text>
    </level>
  </level>
</section>
