§ 10-103. Payment of 1/2-year taxes

   (a) In general. -- Except as provided by § 10-104 of this subtitle, real property that during the period from July 1 to December 31, both inclusive, is completed or is otherwise initially added to the tax roll shall be taxed for the 6-month period from January 1 to the following June 30, both inclusive, at 50% of the annual State, county, municipal corporation, or taxing district property tax rate that is in effect for that taxable year.

(b) Due date of tax. -- The property tax imposed under this section is due on the later of:

   (1) January 1 of the taxable year; or

   (2) the date after January 1 of the taxable year that the tax bill is received or reasonably should have been received or available.

(c) Grace period. -- Property tax imposed under this section may be paid without interest or penalty on or before 30 days after the date the tax bill is mailed or made available.

HISTORY: An. Code 1957, art. 81, § 50; 1985, ch. 8, § 2; 2001, chs. 150, 151.