MACo Raises Market Alignment Concerns With Five-Year Assessment Cycle
On March 3, Legislative Director Kevin Kinnally testified before the Ways and Means Committee in opposition to HB 1518 - Property Tax Assessments - 5-Year Assessment Cycle. This bill alters Maryland’s real property assessment cycle from a three-year review to a five-year review and adjusts the phase-in schedule accordingly. Counties depend on timely and accurate property assessments to fund schools, public safety, infrastructure, and essential services. By extending Maryland’s property assessment cycle from three years…