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Md. board holds the line on property tax assessments.

Byline: Bryan P. Sears

ANNAPOLIS Maryland property owners will not see an increase in taxes in the coming year.

The Board of Public Works voted Wednesday to keep the state assessments on real property and property owned by public utilities at the current rates.

The rate for the coming fiscal year will remain at 11.2 cents per $100 of assessed value. That portion is on top of local and municipal property tax rates.

Utilities will continue to pay 28 cents per $100 in assessed value.

The General Assembly passed a budget for the coming year that contained no income or property tax increases. Those same lawmakers will be looking for additional revenues next year as they attempt to cobble together ways to pay for a massive increase in education spending recommended by the Kirwan Commission.

That plan is estimated to cost $4 billion annually, not including inflationary increases, once it is fully phased in over a decade.

(This story will be updated.)

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Publication:Daily Record (Baltimore, MD)
Geographic Code:1U5MD
Date:Apr 24, 2019
Words:171
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