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Bladensburg holds tax‑rate hearing as council advances FY26 budget with proposed rate increases
Summary
At a May 12 hearing the Town Administrator read required notices for a proposed FY26 tax‑rate increase; council advanced the first reading of the FY26 budget proposing higher rates for apartments and commercial/industrial property and scheduled a final budget adoption hearing.
Bladensburg held the required public hearing on proposed real property tax‑rate changes on May 12 and advanced the FY26 budget ordinance on first reading.
Town staff read the state‑required notice and outlined proposed rate changes for the tax year beginning July 1, 2025: apartments/multifamily units would increase from $0.80 to $0.85 per $100 of assessed value; commercial property from $0.74 to $0.82 per $100; industrial property proposed at $0.82 per $100. The Town Administrator said public comment for the tax‑rate hearing was invited and none were offered during the hearing; electronic and written comments had been accepted earlier in the day.
During the budget first reading the Town Administrator and finance staff presented the proposed FY26 ordinance. The proposed budget maintains the residential rate at $0.74 per $100 (no change), sets business personal property at $2.50 per $100 assessed value, and proposes a utilities personal property levy of $3.25 per $100. Finance staff noted that residential rates have not been changed for many years and that apartment and commercial/industrial increases reflect service‑cost and revenue considerations. "We haven't had any changes to our residential tax for this year, and that hasn't been changed since before 2004," a finance representative said in explaining the background for the rates.
The council set the second hearing and final adoption date for the budget on June 9, 2025. The first reading created no immediate tax collection change; final rate adoption will occur after the statutory notice period and the council's final vote.
