Maryland trims tax rate on property

The Washington Times ^ | 4-20-06 | S.A. Miller

[JZelle]

ANNAPOLIS -- Gov. Robert L. Ehrlich Jr. yesterday won approval for an election-year cut in the state property-tax rate. In a 2-1 vote, the state Board of Public Works approved a 2-cent reduction of the property-tax rate, to 11.2 cents per $100 of assessed value. The board consists of the governor, Comptroller William Donald Schaefer and Treasurer Nancy K. Kopp.

[JZelle]

"The rate change will reduce the annual property-tax bill for a $300,000 home by $60, from $396 to $336."

Wowwy!! Almost enough for a tank of gas! Thanks!!

[battlecry]

Duncan will also raise you income tax another 5%.

[EagleUSA]

Just some politician trying to feather his election plans --- just more token crap.

[poobear]

Dude! You pay under $400 property tax on a $300,000 home?

[battlecry]

I was wondering the same thing. Thereal amount is probably 10 times that.

[BigTex5]

Wish we had that rate in Texas. My property taxes went up almost $400 to $3100.

[GeorgefromGeorgia]

I lived in Maryland until 2004, and had a house that sold for $380K. The property (including school) taxes were $3000 per year. I suspect that the amount mentioned does not include school taxes.

We called it the People's Republic of Maryland. Maryland has a state income tax and each county has a piggback income tax!

[CGTRWK]

That's the state property tax alone, county property taxes are additional and range from 41 cents to 2.31 (!) in Baltimore City. Average is around 80-90 cents.