I want you included 'in-the-loop' on this information regarding a cap on real estate assessments in Wicomico County. Presently, Talbot County has a real estate assessment cap at 0%. That's right. . . they have not had an assessment increase for over a decade now.
The net result won't significantly benefit the taxpayers who pay their real estate taxes in Wicomico County because we already have a revenue cap that prevents skyrocketing real estate bills. The real estate tax bills with the revenue cap in place prevents run-a-way tax bills like they are experiencing in Worcester County and across other parts of Maryland including adjacent Somerset.
However, in the event legislation comes out of Annapolis, Maryland that would override the Revenue Cap . . . -(Ref. HB 125 http://mlis.state.md.us/2008rs/billfile/HB0125.htm). . . then it would benefit Wicomico residents tremendously. VOICE is just being proactive - ('a good offense is the best defense').
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
1 comment:
The pending legislation would benefit Wicomico residents? I don't think that was the proper word ....
I believe it would affect us with higher tax bills, but not much benefit here. :(
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