Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Tax Rate topic
No spam. Unsubscribe anytime.
Rising Sun keeps FY26 real estate tax rate at 46 cents per $100 amid modest assessment growth
Summary
The mayor and commissioners adopted a resolution maintaining the town’s real property tax rate at $0.46 per $100 for fiscal year 2026 after hearing the Maryland Department of Assessment and Taxation’s estimated increase in the assessable base.
The mayor and Board of Commissioners of Rising Sun voted April 8, 2025 to maintain the town’s real property tax rate at $0.46 per $100 of assessed value for fiscal year 2026, officials said during the meeting.
Town Administrator Calvin A. Bonneville Jr. presented Resolution 2025-09, which cites notice from the Maryland Department of Assessment and Taxation that Rising Sun’s assessable base is estimated to rise 3.12% — from $235,806,604 to $243,161,490 — an increase of $7,354,886 in assessed value. The resolution explains that at the current rate the change in assessment would yield an estimated $33,832 in additional revenue.
Calvin A. Bonneville Jr. and the mayor described the decision to hold the rate steady as part of conservative fiscal oversight while recognizing rising costs for services, utilities and past infrastructure expenditures. The town’s current rate of $0.46 per $100 has been in place since 2020, the resolution says.
A motion to approve Resolution 2025-09 was moved, seconded and carried by voice vote. Commissioners answered “Aye” when the mayor called for the vote, and the chair declared the resolution passed.
The resolution includes a narrative from the administrator explaining how assessment roll increases translate into modest revenue for the town and reviewing long-term fiscal pressures, including prior sewer and water moratorium impacts and recent increases in the town’s electric costs. It also notes the town’s record of pursuing state and federal grant funds to offset local tax pressure.
The resolution does not itemize specific budget changes that will be covered by the additional $33,832; it states only that the rate will remain at $0.46 for FY26.
