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Metropolitan DC Local Politics
Reply to "Elrich property tax increase"
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[quote=Anonymous][quote=Anonymous]So a 10% increase in property tax to keep up with inflation but he wants a 3% cap on rent increases?[/quote] "The county’s current property tax rate is roughly 98 cents per $100 of assessed value. The proposal seeks to boost the rate to about $1.08." So let's see. I own the house I live in. With this increase (from $0.98 cents/$100 of assessed value to $1.08/$100 of assessed value), I would owe the government about $350 more per year on my home. I also own a rental unit. If I increased the rent by 3%, my tenants would owe me about $700 more per year on their home.[/quote]
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