April 11, 2016

Leggett to Council: Reduce Proposed Property Tax Increase

County Executive Ike Leggett amended his 2017 budget to the County Council to reduce his proposed property tax increase by 46 percent following the announcement by Governor Hogan that he will allow to become law a Maryland General Assembly bill that extends the repayment schedule for counties to comply with the U.S. Supreme Court’s Wynne decision.

The legislation, Senate Bill 766, saves Montgomery County $33 million for the upcoming year, reducing the Wynne costs to $17 million. Reducing the property tax increase from 3.9 cents per $100 assessed valuation to 2.1 cents – a 46 percent reduction - brings the County Executive’s proposed average monthly property tax increase down from $27 to $20.17.

Leggett’s initial proposed operating budget included $50 million to cover Wynne case costs. With the State Delegation extension of back payments, the proposed budget has been revised to reflect the savings from the legislation. Click here to see the memo from the County Executive to the County Council.

7 comments:

  1. reduced to $21.17 OR $20.17. The 2 different amounts are shown. See the PDF letter, it shows $20.17.. The newsletter shows $21.17

    ReplyDelete
  2. $21.17 OR $20.17 2 DIFFERENT FIGURES SHOWN... ONE IN THE ARTICLE , THE OTHER ON THE PDF ..

    ReplyDelete
    Replies
    1. Sorry for the confusion. The information in PDF is correct. The article has been corrected to show decrease down to $20.17.

      Delete
  3. Sorry, I am not well informed on it, what are Wynne cases?

    ReplyDelete
    Replies
    1. The Wynne case, heard by the U.S. Supreme, considered whether a state must provide a credit against its local taxes for taxes the resident pays another state. Here is a link to the US Supreme County ruling – http://www.supremecourt.gov/opinions/14pdf/13-485_o7jp.pdf - which was decided 5-4. That is why local jurisdictions must provide a credit in the future and provide credits retrospectively.

      Delete
  4. 2 different figures, the 'article' states $21.17, the PDF states $20.17.. Which is it?

    ReplyDelete
    Replies
    1. Great question and appreciate you for letting us know about this. The correct amount is $20.17. The information in the article has been corrected.

      Delete

Thanks for submitting comment to Paperless Airplane.