OCEAN CITY – A petition to referendum seeking a tax decrease is entering the signature verification process, but it is the Town of Ocean City’s legal opinion the substance of the petition will violate state law.
On Tuesday afternoon, Ocean City Taxpayers for Social Justice (OCTSJ) submitted a petition to lower Ocean City’s tax rate to the 2009 rate of 38 cents per $100 of assessed valuation.
Ocean City Taxpayers for Social Justice (OCTSJ) spokesman Tony Christ recognized the Mayor and City Council were scheduled to cast their final vote on the Fiscal Year 2016 Operating Budget that evening that would raise the tax rate 2 percent to 47.8 cents.
“We wish to return the tax to 38 cents, which is a 21-percent reduction of over 9 cents per $100 of assessed value. A tax reduction petition is both unprecedented and needed to stop the trend of residents leaving and declining values in the Town of Ocean City,” Christ said.