§8–204.

    (a)    Personal property subject to assessment shall be assessed annually.

    (b)    The assessment of personal property for the date of finality is based on:

        (1)    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

        (2)    if a report is not filed or is incomplete, any available information that the Department has.