Charles County Commissioners Propose Flat Tax Rate, Slight Increase in Expenditures

During a hearing on Charles County’s $307 million operating budget, commissioners proposed keeping property tax rates flat, which due to declining assessments, means that residents could see declines in their property tax bills.  As reported by Southern Maryland Newspapers Online:

Tax bills for individual property owners depend on the assessed value of their properties, but falling assessments in most of the county mean taxes will fall by an average of 3.8 percent, according to county documents, if the tax rate is maintained at $1.026 per $100 of assessed value.In expenditures, the proposed budget includes a 1 percent raise for county employees, who received no raises this year and endured furloughs in fiscal 2010.

Overall the proposed spending is $1.8 million, or 0.6 percent, more than last year, at $307 million, while revenues have fallen 1.7 percent, to reach $300 million.

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