§ 10-205. Advance payment of county property tax

   (a) Payment authorized. -- The governing body of a county may authorize, by law, advance payment of county property tax.

(b) Calculation of payment. -- The advance payment is calculated by applying the current county property tax rate to the assessment of the taxpayer's property for the prior year.

(c) Billing. -- If the advance payment is less than the county property tax as finally determined, the collector shall send a bill to the taxpayer for the difference.

(d) Interest. -- The law authorizing advance payment may allow interest on the advance payment. The interest may not exceed any discounts allowed by law.

HISTORY: An. Code 1957, art. 81, § 49; 1985, ch. 8, § 2; 1986, ch. 171.