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Commissioners set FY2022 property tax rate, review assessment growth and revenue uncertainty
Summary
St. Mary's County Commissioners voted to keep the current property tax rate at $0.8478 while staff warned revenue growth numbers include non‑recurring components and requested caution in budgeting.
The St. Mary's County Commissioners voted to keep the county property tax rate at $0.8478 for FY2022 and reviewed a preliminary revenue summary that showed higher projected revenues tied to increases in the assessable base and income‑tax receipts.
Chief Financial Officer Janet Cudmore told the board the county received the state’s constant‑yield tax letter and updated assessment data showing a notable increase in the assessable base for the area subject to the most recent triennial…
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