The Commissioners are considering not reducing the county's real property tax rate enough to fully offset increasing property assessments. The County proposes to adopt a real property tax rate of $0.990 per $100 of assessment. This tax rate is 0.3% higher than the constant yield tax rate of $0.9874 and will generate $119,903 in additional property tax revenues.
The county's overall real property assessable tax base is estimated to increase 0.3% for the tax year beginning July 1, 2011. In dollars, that increase is estimated to be from the current base of $4,533,348,242 to a new assessable base of $4,545,459,693.
The County's proposed 2012 budget can be viewed online at
http://garrettcounty.org/Commissioners/budget12/2012Requested.pdf
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