Real Property Tax Rate to be Reduced

Real Property Tax Rate to be Reduced

 

The Garrett County Commissioners propose reducing the local Real Property Tax rate for the upcoming fiscal year, lowering it from $1.056 to $1.02 per $100 of assessed value.

 

In the wake of COVID-19 and the subsequent inflationary period, the county took a cautious stance, anticipating economic instability in both revenues and expenditures. While that approach helped maintain financial stability through the pandemic, Garrett County emerged from the economic challenges more favorably than expected.

 

The result is a stronger revenue outlook, even considering a lowered tax rate.

 

This proposed rate reduction provides relief to taxpayers and reflects the County Commissioners’ priority to adjust their approach now that a clearer trendline has emerged in financial models.

 

“We’ve had to wait a few years to get to this point because COVID skewed everything,” said Garrett County Board of County Commissioners Chairman Paul Edwards. “The question was, ‘Where would the new normal be?’ I think what we have seen is the new baseline is higher now than where we started.”

 

Lowering the rate brings Garrett County’s tax structure more in line with today’s economic conditions while still maintaining the ability to deliver critical local services.

 

While Garrett County sets the property tax rate, the State of Maryland controls the assessment process which directly impacts revenue projections. The State determines the value of all properties and phases in adjustments on a triennial basis. Shifts in those values can significantly influence the county’s revenue planning.

 

If you have questions about your bill or need more information, contact the Garrett County tax office at billingcollections@garrettcountymd.gov or call 301-334-1965 between 8:30 a.m. and 4:30 p.m., Monday through Friday.

 

Created 5/22/2025 9:35am

Last Updated 5/22/2025 9:40am

 

Posted on 05/22/2025 in garrett county, property taxes, real property tax