Commission on State Debt: Keep Property Tax Rates Flat

At its April 24th meeting, the Board of Public Works will set the state property tax rate for FY 2020. The Board’s advisory group, the Commission on State Debt, has unanimously recommended that the tax rate remain flat – at the same 11.2 cents per $100 value for real property that has been in place since 2007.

According to Maryland Matters:

While the state’s property tax rate has stayed at 11.2 cents per $100 of assessed valuation since 2007, during the just-concluded legislature an increase was put forward by fiscal analysts as a possible solution to balance the budget. Roundly rejected by Democratic lawmakers who pursued other options, the recommendation nevertheless stirred debate in the State House, as Republicans, including Gov. Lawrence J. Hogan Jr. (R) railed against the idea of an increase.

Maryland’s Board of Public Works reviews projects, contracts, and expenditure plans for state agencies – many of which have an effect on county governments. It meets on alternating Wednesdays and the meetings are open to the public.  The meeting will be held in Governor’s Reception Room on the 2nd floor of the State House in Annapolis.

The Board’s next meeting is scheduled for Wednesday, April 24, 2019, at 10 a.m. The meeting agenda for the upcoming meeting is available online.

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