Wed April 16, 2014
Property Tax Hikes Could Hit Salisbury & Wicomico County Residents
There's a proposed property tax hike in the $129 million budget release by Wicomico County Executive Rick Pollitt yesterday.
Pollitt said that his budget is just trying to recover some of the ground that has been lost to the recession.
The Salisbury Daily Times reports that his budget would increase the property tax rate by 43 cent per $1,000 in assessed property value -- the maximum allows under the state revenue cap.
That would result in a rate of $9.51 or around $951 on a home assessed at $100,000.
The county would spend around $7 million more than it currently gets in tax revenue and from the federal and state governments.
Among those areas that need funding is the $4 million in road maintenance, which has been hit hard by the cutbacks in state assistance.
Mayor Jim Ireton unveiled a $65.9 million budget for the city of Salisbury that calls for an increase in property taxes.
His spending plan would raise kprooperty taxes by 13 cents to $8.97 per $1,000 of assessed value.
But, the spending plan does not provide money for 12 firefighters who are being funded by a federal grant.
It would cost $700,000 to fund those positions.