Legislation Details

Reference No. CR-051-2016    Draft No. 1
Type: Resolution Status: Adopted
Meeting Body County Council
Meeting Date 6/21/2016
Introduced Date 6/21/2016 Public Hearing Date
Effective date:    
Title: A RESOLUTION CONCERNING THE TAX RATES FOR FISCAL YEAR 2017 for the purpose of imposing and levying the tax rates and causing to be raised the amount of taxes required by the adopted budget so as to balance the budget as to proposed income and expenditures for the fiscal year beginning July 1, 2016; and to set forth the State tax levy and the Stormwater Management District tax levy.
Proposers/Sponsors: Derrick Leon Davis, Dannielle M. Glaros
Attachments: 1. CR-51-2016 AIS.pdf, 2. CR-51-2016 Attachment A, 3. R2016051
Contact: Karen T. Zavakos, Zoning and Legislative Counsel

Title

A RESOLUTION CONCERNING THE TAX RATES FOR FISCAL YEAR 2017 for the purpose of imposing and levying the tax rates and causing to be raised the amount of taxes required by the adopted budget so as to balance the budget as to proposed income and expenditures for the fiscal year beginning July 1, 2016; and to set forth the State tax levy and the Stormwater Management District tax levy.

Background

Section 811 of the Charter and Section 10-106 of the County Code requires that following adoption of the Current Expense Budget, the Council by resolution shall set the County tax levy. Shown below are the real and personal property tax rates for the County, the State and Stormwater for FY 2016 and FY 2017. The State of Maryland real property tax rate is eleven and twenty hundredths cents (0.1120 cents) per $100 of assessed value. Similarly, the State tax rate for public utilities is twenty-eight cents ($0.28) per $100 assessed value. Both remain the same in FY2017 as they were in FY2016.