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Resident urges council to adopt lower homestead assessment cap to curb steep tax increases
Summary
A longtime resident asked the Annapolis City Council to adopt a lower cap on annual assessment growth for owner-occupied homes, citing recent triennial assessment increases and a March 25 state notification deadline.
John Hammond, a longtime Annapolis homeowner, told the City Council on Feb. 10 that the council should adopt a lower cap on annual assessment growth for owner-occupied homes to limit steep increases in the city portion of property tax bills.
Hammond said Maryland’s Homestead Property Tax Credit includes an option for local governments to set a cap below the statutory maximum and cited Anne Arundel County’s 2% limit as an example. He told the council last year’s triennial assessment notices…
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