Thu June 5, 2014
No Property Tax Increase for Somerset County Residents
There will be no property tax hike for Somerset County residents.
But the 2015 $36.2 million budget will be spending $708-thousand less than the current year because of a fall in tax revenues and fewer grant awards for capital improvements.
The biggest chunk -- $11.2 million -- will go toward education.
Another $6.9 million will pay for public safety.
The Salisbury Daily Times reports that instead of raising taxes the budget draws $3.7 million from its reserves to offset the decline in revenues.
The county commissioners kept the property tax rate at 91.5 cents per $100 of assessed property value.