I would like to thank Mr. Ron Bettie for his letter concerning property taxes in Frederick County. He is correct, the rate has remained at $1.06 since the Charter government came into effect. We are one of only 50 counties out of over 3,000 in the United States to have AAA bond ratings from all of the major rating agencies, because we are fiscally well managed by Executive Jan Gardner.

Since property tax bills will be coming out in July, I want to remind the public that they can save on their bills by paying early. If you pay your bill in July you will receive a 1 percent discount, and if you pay in August you will receive a 0.5 percent discount.

There are also multiple programs available to help you save on your property taxes, depending on your income, age, and property value. Three popular programs include:

1. The Maryland Homeowner’s Property Tax Credit is available for people with property taxes that exceed a fixed percentage of their income.

2. Frederick County’s Senior tax credit is available to property owners over the age of 65 who make less than $80,000 per year. They can receive up to a 20 percent credit. Seniors who make less than $30,000 can receive up to a 40 percent credit, thanks to a bipartisan bill I wrote with Kirby Delauter in 2017.

3. The Homestead Property Tax Credit is available for homeowners hit by assessment increases over 10 percent.

All of these programs have various limitations, so you can learn more by going to our web page at frederickcountymd.gov/3630/Treasury-FAQs.

Jerry Donald is a member of the Frederick County Council

(11) comments

gary4books

Got my tax bill today and it list my County Homeowner Credit and is nice for a year. Not great, but nice and worth the effort.

DickD

Jerry have you considered running for CE?

MD1756

If you're going to give what amounts to financial advice you should be careful to present various options. Paying your tax bill early may make sense if you keep a lot of cash on hand where it is not earning any interest, dividends, etc. for you. It does not make sense to pay your tax bill early if you have to take money out of an investment earning greater than 0.5% or 1% (depending on when you pay).

public-redux

You should probably annualize the rates on the investments. Approx 6%. And be sure to consider the possibility of principal loss.

mrnatural1

Good point MD. [thumbup]

micky

Check your tax bill carefully. If it is more than last year it has increased, period !!

2Girls

If you are that concerned, feel free to move to a place where your property decreases in value or stays the same year after year. Otherwise, understand that the tax rate hasn't changed you simply own a home that is worth more than the year prior.

joelp77440

Agreed, micky does not understand appreciation.

public-redux

One might say he doesn’t appreciate appreciation.

FrederickFan

Nice letter councilman Donald. I applaud you and the county executive for good management and for not raising taxes for the past six years.

bosco

It is important to note that the property tax credit available to seniors who make less than $83,000 per year is PER HOUSEHOLD, not per senior. [ninja]

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