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Tuesday, April 26, 2016

Public Hearing Today on Increasing Property Taxes in Montgomery County

Public Hearing Today at 1:30 PM at Montgomery County Council

 More information at this link:

Current yield rate:  .723 per $100 of assessed value.  (this does not include the State tax and all the other fees)
State recommend for coming year: .7004 (because assessments up)
County Exec Recommend: .7754
Council Staff Recommend: .7754

This is a 3.2% increase in the rate and a 10.7% increase in the Constant Yield Tax Rate.  This would require 9 votes on the Council because the 10.7 % increase in the CYTR is above the rate of inflation (by a lot).  Current inflation rate is between .8% and 1.2%
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5 comments:

  1. AnonymousApril 26, 2016 at 9:42 AM

    Where is the "I am not happy" button.

    ReplyDelete
  2. AnonymousApril 26, 2016 at 9:48 AM

    How did they all fit in a phone booth?

    ReplyDelete
  3. AnonymousApril 26, 2016 at 4:50 PM

    It appears that they are all on-board together on this, all in lock step. Each Councilmember is getting something on the reconciliation list that they want, so the anguish of imposing a tax increase on their constituents will be lessened.

    ReplyDelete
    Replies
    1. AnonymousApril 26, 2016 at 6:53 PM

      Their pay raise will more than make up for the increase in both taxes and health premium.

      Delete
  4. AnonymousApril 27, 2016 at 9:46 AM

    The cast of "One Flew Over The Cuckoo's Nest?"

    ReplyDelete

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