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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] MoCo homestead - all got $692 off the bill. Assessment could be 1m or less than 100k. No income submission and it was a flat amount on owner occupied. >assessed at 1m the county effective rate for owner occupied was 92.23 and 99.15 for an investment property or any non owner occupied. >assessed at 100k the county effective rate for owner occupied was 29.95 and 99.15 for an investment property or any non owner occupied Changes in homestead require submitted and approved Homestead Applications. https://mocoshow.com/blog/residential-property-owners-must-have-approved-homestead-application-on-file-to-be-eligible-for-692-montgomery-property-tax-credit/ You can't just look at the base moco rate and not consider what revenue rolls in and actual rates without looking at homestead. [/quote]
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