Property values for 779,573 Maryland property owners just went up by 20.6%. What will that mean for tax bills in the coming year?
The Maryland State Department of Assessments and Taxation (SDAT) has just completed appraisals for some of the more than 2 million property accounts in the state. The state divides properties into three groups, and owners get their assessment notices once every three years.
According to SDAT’s news release, for the fifth year in a row, all 23 counties and Baltimore City have seen residential property values go up.
“This is a good indicator that the market remains strong and growth is steady here in Maryland,” said SDAT Director Michael Higgs in a press release.
Click here to read the rest of the article written by Kate Ryan over at WTOP
