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St. Mary’s County commissioners keep 3% homestead assessment cap after debate
Summary
After extensive discussion about senior homeowners and long‑term fiscal effects, commissioners maintained the existing 3% homestead assessment cap for FY2023; staff provided counts of how many properties would receive credit under alternative caps and estimated the near‑term revenue impact of lower caps.
LEXINGTON PARK, Md. — St. Mary’s County commissioners on Feb. 15 voted by consensus to retain a 3% annual cap for the homestead property‑tax credit for FY2023 after a lengthy discussion about impacts on seniors and county revenue.
Why it matters: the homestead assessment cap limits how much a primary‑residence taxable assessment can increase year to year for qualifying properties; changing the cap affects how many homeowners receive…
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