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Committee endorses authority for counties to set higher commercial property subclass rates
Summary
The committee voted to support HB 23, which would authorize counties to establish subclasses and set a special rate for certain commercial and industrial properties—up to 12.5 cents per $100 of assessed value above the current rate—with proceeds tied in the bill to transportation and education funding.
On Jan. 28, the Prince George’s County General Assembly Committee voted to move House Bill 23 favorably. HB 23 would authorize counties to create property‑tax subclasses (commercial, industrial, condominium categories) and levy a special rate not to exceed 12.5 cents per $100 of assessed value above the current rate. The bill, as drafted, directs that funds be used for transportation improvements and the county education budget.
Presenters emphasized that the…
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