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Frederick County staff report lower vehicle values, plan to advertise real‑estate tax rate as budget discussions continue
Summary
County revenue staff reported declining personal‑property values that trim projected revenue by about $2.7 million, while a proposed 48¢ real‑estate rate would create a near‑term windfall; supervisors set follow‑up workshops and directed staff to send the budget advertisement.
County revenue staff told the Frederick County Board of Supervisors that updated vehicle valuations and other changes have cut projected personal‑property revenue, shrinking available funds as the board moves to advertise its proposed budget and tax rate.
Mister Bolhofer, the county’s commissioner of revenue, told supervisors that new vehicle valuation data from a commercial source reduced the assessed value of the top vehicle makes by about $80 million in the county’s tax book and that the office has recorded an aggregate reduction of roughly $2.7 million so far in projected personal‑property revenue. County staff later summarized the working estimate for a 2026 shortfall at about $2.0 million.
The potential shortfall comes as staff and supervisors discussed advertising a proposed real‑estate tax rate of 48¢. County staff said that at 48¢ the county would realize about a $5 million windfall in the current fiscal year, and that under the scenarios shown the advertisement can be sent immediately while staff refines revenue numbers.
Why it matters: personal‑pr…
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