Local governments face hundreds of millions in lower property tax collections after a state agency missed a key mailing deadline.
The State Department of Assessments and Taxation failed to mail about 107,000 updated property tax assessments before the deadline at the end of last year, according to senior state lawmakers. Left unfixed, county governments might receive a quarter of a billion dollars less in anticipated property tax revenue over a three-year period.
News of the error trickled out to key lawmakers and county leaders late Tuesday night.
“We haven’t gotten to the absolute details yet,” said Senate Budget and Taxation Committee Chair Guy Guzzone (D-Howard) on Wednesday. “We know it exists. We know there was a mistake made. We know that it’s significant. We rely on the assessments to be accurate and in all cases, right and so, they need to be accurate period.”
Click here to read the rest of the article written by Bryan P. Sears over at Maryland Matters
