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Caroline County holds tax-differential hearing; officials signal cautious optimism on future rate reductions
Summary
Acting Finance Director Stacy Seward presented municipal real property tax differential rates March 10 and said current town differentials will be held the same for now. Commissioners praised staff for tight budget management and said they would consider reducing the property tax rate if revenue projections hold.
Caroline County Acting Finance Director Stacy Seward told commissioners at the March 10 meeting that the county will hold current tax rates and municipal differential rates the same for now and will hold a second public hearing on May 5.
"As we start the budget process, we're holding all tax rates and differential rates the same," Seward said, then listed current differentials: Federalsburg 8¢, Greensboro 6¢, Preston 1¢ and Ridgely 5¢.
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