Bowling Green officials implement 2¢ tax increase amid housing market concerns

In a recent meeting, the Caroline County Board of Supervisors addressed important updates regarding property tax assessments, a topic that directly impacts local residents. The board discussed the necessity of conducting property assessments every six years, as mandated by state law, although they aim to perform these assessments every four years to better reflect the current housing market.

Board members noted that the housing market has shifted significantly, making the four-year interval seem a bit lengthy. This change is crucial for ensuring that property values are accurately represented, which in turn affects tax rates and funding for community services.

During the meeting, it was revealed that the equalized tax rate for the county is currently set at 50 cents. To address rising costs and maintain essential services, the board voted to implement a modest two-cent tax increase for the upcoming year. This decision, while necessary, may raise concerns among residents who are already navigating a fluctuating housing market.

Officials emphasized that the data sheets distributed to residents are not tax bills but rather informational documents. Tax bills will be sent out later, providing clarity on the new rates and any changes in property taxes.

As the board continues to navigate these financial adjustments, residents are encouraged to stay informed about how these decisions will affect their community and personal finances. The board's proactive approach aims to ensure that property assessments remain relevant and fair, ultimately benefiting the entire Caroline County community.