State property tax rates will not increase in the coming year, though homeowners will still likely end up shelling out more in taxes because of increased assessments.
The Board of Public Works voted Wednesday to approve a recommendation to hold the state rate on commercial and residential properties at 11.2 cents per $100 in assessed value. The tax rate on utilities will remain at 28 cents per $100 of assessed value.
The vote of the three-member panel Wednesday was unanimous and without discussion or debate.
Lt. Gov. Aruna Miller (D) highlighted the decision to hold the line on property taxes, noting that the administration had not raised property taxes this term.
“For the last four years, our administration has remained clear about one thing: The state of Maryland will not balance its budget on the backs of working and middle-class families,” Miller said during the meeting.
Click here to read the rest of the article written by Bryan Sears over at Maryland Matters
