General Assembly Ends with Wins; Montgomery County Owners Still Facing Property Tax Increase
The Maryland General Assembly ended its 2016 session on April 11 with several wins for AOBA members. Click here to download the 2016 Legislative Summary -- a recap of some of the important issues that AOBA fought for and against, and their outcomes.
Montgomery County’s County Executive Ike Leggett has amended his proposed 2017 budget to reduce his proposed property tax increase. This action follows the announcement by Governor Hogan that he will allow a Maryland General Assembly bill to become law that extends the repayment schedule for counties to comply with the U.S. Supreme Court’s Wynne decision. 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 savings from the legislation. To read the memo from the County Executive to the County Council, click here.
What does this proposal mean for your bottom line?/ What's the current proposed increase?: AOBA members and other property owners will still have to foot the bill for a meaningful property tax increase to offset revenue losses from the County’s improper collection of income taxes. Leggett proposes reducing the property tax increase from 3.9 cents per $100 assessed valuation to 2.1 cents. Member Action: Members with concerns about the proposed tax increase should contact Nicola Whiteman by calling (202) 296-3390 or via email at NWhiteman@aoba-metro.org.