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St. Mary’s County commissioner says veterans property-tax exemptions could cut about $10.6 million from county revenue
Summary
A St. Mary’s County commissioner told colleagues the county has already lost about $5.6 million from a veterans property-tax exemption and faces roughly $5.1 million more plus a possible $1.7 million if other exemptions change, leaving an estimated $10.6 million in potential revenue reductions while final figures remain uncertain.
A St. Mary’s County commissioner said the county faces substantial revenue uncertainty tied to state and federal veterans property-tax exemptions, and that final figures remained uncertain as state and federal rules continue to change.
The commissioner told the chamber that the county "lost almost $5,600,000.0 in revenue from property tax" after a law passed in Annapolis and that the county is "also looking right now at another $5,100,000.0" in potential reductions. The commissioner added a "possibility that if he changes the personal exemptions," the county could see an additional $1,700,000 loss, saying the combined effect was "about a 5, you know,…
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