As reported by the Carroll County Times, a proposal to reduce the County’s Homestead Tax Credit cap by 1 or 2 percentage points failed during the most recent Carroll County Commission meeting.
The Homestead Tax Credit limits the increase in taxable assessments each year to a fixed percentage. The Carroll County Board of Commissioners voted, 3-2, Tuesday to reject separate proposals to lower the cap from 5 percent to 3 percent, and then from 5 percent to 4 percent.
Commissioners Robin Frazier and Richard Rothschild voted in favor of the proposal to provide property tax relief to middle class homeowners.
Commissioners Doug Howard, Dave Roush and Haven Shoemaker argued against lowering the cap citing the long-term implications on the county’s budget and that the decision should be left up to the new board of commissioners who will take office in January. The new board is likely to have three new commissioners.