217 Mass. 520 | Mass. | 1914
The plaintiff covenanted in the original lease to pay the taxes during the term, and the defendant as sublessee, having succeeded to this obligation under an agreement made on May 6, 1905, that he “would assume the taxes for the year 1905, adjusted ‘as of’ July 1,1905,” contends that his liability embraces only a period of six, instead of ten months, as the taxes should be
When does the current year or tax year begin? It is within the power of the Legislature in the absence of any constitutional restriction to require property to be assessed annually or oftener
We are therefore of opinion that for the purposes of taxation the year follows the date of assessment prescribed by the statute, and terminates at the next annual period, when a different valuation may be made with a different rate of taxation.
The presiding judge correctly ruled, that in the apportionment of the rent the defendant was liable for ten months, and the plaintiff under the reservation in the report is to have judgment in the sum of $1,341.06.
So ordered.
Now by St. 1909, c. 440, made April 1.