Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Frederick County reassessment projects $16.5M revenue gain; board to consider revenue-neutral options and budget workshop
Summary
County staff told the Board that the two-year reassessment taking effect Jan. 1, 2025 shows residential values rising about 17.6% and commercial about 26%, which would raise revenue by roughly $16,461,406 at the current 51¢ rate; the board discussed advertising options, a revenue-neutral calculation and scheduling a full-day budget workshop.
Speaker 3 of the commissioner—s office presented the county—s 2025 reassessment and its budget implications, saying the reassessment will take effect Jan. 1, 2025 and that Frederick County moved to a two-year reassessment cycle rather than the four-year minimum required by state code. "It is required by law," Speaker 3 said, and added the county—s current reassessment was completed to set values at 100% of market value.
The presenter told the board that the reassessment shows roughly 1,600 more parcels than in 2023 (the 2023 parcel total was 49,096) and that residential parcels overall increased about 17.57% while commercial values rose about 26%. Speaker 3 said that if the tax rate remains at 51¢, the reassessment-based revenue increase from…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
