§ 8-306. Taxes on property acquired  


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  •    (a) Apportionment required. -- When property is acquired under this subtitle, the real estate taxes due on the property shall be apportioned as of the earlier of:

       (1) The date on which the Administration or Commission takes possession or has the right to take possession of the property; or

       (2) The date on which the title to the property is transferred.

    (b) Payment of apportioned share. -- The Administration or Commission shall pay its share of those real estate taxes as are due for the year in which the date of apportionment occurs.


HISTORY: An. Code 1957, art. 89B, § 75; 1977, ch. 13, § 2.