MACo Supports Local Property Tax Flexibility

MACo Associate Director Kevin Kinnally testified before the House Ways & Means Committee to support HB 1276 – County Property Tax – Classifications of Real Property and Authority to Set Special Rates. This bill enables expands the subclasses of real property that are established in state law for the purposes of uniform assessment methodology and authorizes counties to impose different tax rates on each subclass.

From the MACo Testimony:

Under current law, municipalities have broad discretion to impose separate property tax rates on different subclasses of real property. This bill grants that same flexibility to counties by enabling the establishment of additional subclasses of property,  including small commercial, large commercial, residential condominiums, industrial, and dual use properties. These subclasses are already established in land use codes by the State Department of Assessments and Taxation.

Follow MACo’s advocacy efforts during the 2020 legislative session on MACo’s Legislative Tracking Database.

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