KabirCares.org

College Park Reduces Tax Rate for Home Owners

At last Tuesday night’s meeting, the College Park City Council decided to lower the homestead tax credit rate to 0%.

With this change, College Park will not charge extra tax from its property owners when their property values will go up next year.

I was very happy to support giving more tax breaks to our homeowners at last night’s meeting.

You can find more information about teh homestead tax credit program here.

Here is the list of current homestead property tax credit rate of College Park and 18 other cities in Prince George’s County. Most cities will still charge an additional tax on as much as 10% increase of the property value next year. With Tuesday might’s change, College Park will charge none.

Related Posts Plugin for WordPress, Blogger...

RSS feed for comments on this post. TrackBack URI

Leave a Reply