Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Board hears 2025 general reassessment, schedules public hearing on tax rate after 63.8% equalized increase
Summary
County assessor presented the 2025 general real estate reassessment showing a roughly 63.84% increase in total assessed value; administrators proposed an ‘equalized’ tax rate and the board agreed to advertise a rate for public hearing as required by state timelines.
Caroline County’s assessor and county staff presented the results of the 2025 general real estate reassessment and an initial budget recommendation at the April 8 Board of Supervisors meeting, driving a discussion about the county’s tax rate, budget gaps and next procedural steps. County staff reported an overall equalized assessment increase of about 63.84 percent and said that, after factoring statutory exemptions and other adjustments, a rate near 49 cents per $100 of assessed value would equalize tax liability compared with 2024 assessments.
The reassessment presentation: Jason Cowan, the county reassessor, described the reassessment process (discovery, listing, valuation), said staff used 10 years of sales data adjusted to current market conditions and reported statistical quality metrics (nominal assessment level near 98%, coefficient of dispersion about 15). Cowan told the board the county’s overall market value rose about 63% (land and improvements)…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
