| All real estate within the State, all personal property of |
residents of the State and all personal property within the State |
of persons not residents of the State is subject to taxation on |
the first day of each April as provided; and the status of all |
taxpayers and of such taxable property must be fixed as of that |
date. Upon receipt of a declaration of value under section 4641- |
D reflecting a change of ownership in real property, the assessor |
may change the records of the municipality to reflect the |
identity of the new owner, if notice of tax liabilities is sent |
both to the new owner and to the owner of record as of the April |
1st when the liability accrued. The taxable year is from April |
1st to April 1st. Notwithstanding this section, proration of |
taxes must be over the period specified in section 558 and a |
person is liable to the municipality only for the pro rata share |
of taxes for the time during which that person owned the |
property. |