Worcester has seen the greatest incoming migration of taxpaying
citizens among all jurisdictions in Maryland, and subsequently the
largest percentage of growth in the assessable income tax base, over a
recent two-year period, according to an independent study released last
week.
According to study released by Change Maryland, based on Internal
Revenue Service (IRS) figures, more taxpaying citizens migrated to
Worcester County over a two-year period from 2009 to 2010 resulting in
the largest percentage growth in assessable income tax than any other
jurisdiction in Maryland.
The inflow of 2,528 tax filers and their dependents into Worcester
over the two-year period resulted in an increase in the county’s gross
aggregate income of $72.2 million. While an almost in-kind number of tax
filers and their dependents, 2,408, leaving Worcester over the same
time period, resulted in a decrease in the county’s gross aggregate
income of around $50 million, the net result is an increase in the
county’s aggregate income of over $22 million, the highest level of
increase in the state.
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DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
No surprise here. Worcester county has the lowest rate of piggy-back tax in the entire state of Maryland!
ReplyDeleteA great incentive to move there if I ever heard one!
Did you notice that Wicomico Co. was next to last behind Baltimore City. And could it be that they each have the bigger population on Government assistance?
ReplyDelete10:38 -
ReplyDeleteAnd Ireton wants to have more low/no income housing on the downtown parking lots.