§ 10-206
104 words·~1 min read·
/md/tax-property/10-206A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§10–206.
(a)If a corporation submits articles of dissolution to the Department, the Department shall immediately certify to the collector the assessment of any personal property of the corporation that is subject to property tax on the most recent date of finality.
(b)The collector shall send to the corporation a personal property tax bill that is calculated by applying the current property tax rates to the assessment that is determined under subsection
(a)of this section.
(c)If the property tax payment is less than the property tax as finally determined, the collector shall send a bill to the taxpayer for the difference.