property tax

Local News
12:19 pm
Wed July 2, 2014

Property Tax Cut for Indian River School District Residents

Ground Breaking Ceremony at North Georgetown Elementary School in Indian River School District
Credit Indian River School

Residents in Indian River School District will see a reduction of 5 cents in their property tax rate for the fiscal year of 2015.

Last night the Indian River Board of Education voted to cut the rate from $2.74 cents per $100 of assessed property value to $2.69 cents.

Most of the decrease came from a reduction in the debt service.

The District says that while it was required to sell bonds to fund the costs of building expansion that was offset by paying off bonds from construction projects in the mid-1990’s.

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Local News
8:53 am
Wed June 4, 2014

Another Property Tax Hike for Wicomico County Residents

Credit Don Rush

Property taxes will go up again for the fifth straight year for Wicomico county property owners under a $129 million budget.

On a vote of 5-to-2 yesterday the County Council approved a hike of 5 percent in its annual budget.

This will increase the rate by 43 cents to $9.52 for every $1-thousand of assessed property value.

The increase will go into effect July 1st and is needed to compensate for a decline of 2.5 percent in county property values.

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Local News
9:29 am
Wed May 28, 2014

Property Tax Hike to Pay for More Cops on the Beat in Salisbury

Credit salisbury police department

The Salisbury City Council approved a new $50 million budget yesterday that raises the local property tax by percent and spends that money on putting more than 15 police officers on the streets.

The number of officers would go up from 92 to 102.

Council President Jake Day called the new spending a defensible investment.

And Council Vice President Laura Mitchell said she did not want to read about a crime that was preventable by putting more police on the streets.

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Local News
12:16 pm
Thu May 22, 2014

Dover Residents Could See Big Tax Hike

Credit Don Rush

DOVER, Del. (AP) - Officials in Dover are looking at filling a nearly $2.2 million budget gap with the largest tax hike in years.

The proposed 7-cent tax increase would be a 21 percent bump for property taxes and could cost homeowners $36 to $172 more annually.

At a special meeting on closing the budget gap Wednesday, City Manager Scott Koenig suggested increasing the groundwater surcharge to 45 cents per gallon and doubling rates for water and wastewater to $2.50 to help offset the deficit.

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Local News
2:07 pm
Thu April 3, 2014

Education Funding Referendum Approved by Cape Henlopen District Voters

Credit clipart 101.com

A referendum to raise property taxes to build a new school in the Cape Henlopen District was approved by a thousand vote margin out of 6-thousand cast yesterday.

In addition to building a fifth elementary school that will hold 720-students that money will also pay for additional classrooms at Beacon Middle School and Mariner Middle School.

The referendum means that the average property tax will go up by $22 in the next fiscal year and $37 in the following year.

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Local News
10:37 am
Wed April 2, 2014

Property Tax Hike Up to Voters Today in Cape Henlopen School District

Credit all-free-download.com

In the Cape Henlopen School District voters will be casting their ballots for a referendum today.

The measure calls for a hike in the property tax which would cost the average property owner an extra $59 a year.

It would take effect over the next three years.

The measure would help pay for the construction of a new elementary school with enrollment having grown by nearly 1-thousand students over the last 12 years.

The new elementary school would be located in Rehoboth Beach along Route 24.

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Local News
8:33 am
Fri February 21, 2014

Seaford School District Residents To Vote On Property Tax Hike

Credit Don Rush

Seaford School District residents will be going to the polls next week on February 27 to vote on a property tax increase to help pay for programs created by the federal Race to the Top program.

The district says the average property owner would see their tax go up by around a hundred dollars.

WBOC reports that Interim Superintendent Dr. Kevin Carson says the additional funds will assist in paying for increased staffing, Spanish immersion programs and the International Baccalaureate program.

 

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News
9:36 am
Mon June 10, 2013

Salisbury Property Tax Rate Expected to Go Up

Salisbury Council President Jake Day
Credit official photo

The Salisbury City Council is set to hold a final hearing tonight on the city’s $53 million budget that could include the town’s first property tax rate hike in years.

More than half of the nearly 11-thousand property owners would see an increase in their tax bills while the rest could see a slight decrease.

The Salisbury Daily Times reports that the rate will jump by 65 cents per $1-thousand of assessed property value just to keep the revenue from the property tax the same in the face of declining property values resulting from the Great Recession.

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News
10:39 am
Wed June 5, 2013

$77 million Budget for Ocean City Approved

Credit Ocean Bowl Skate Park lgo

The Ocean City Town Council gave it blessing to a $77 million budget for the 2014 fiscal year. 

And, it puts the property tax raet at 47.2 cents per $100 of assessed property value to maintain the same revenue as last year.

The Salisbury Daily Times reports that the budget includes a controversial provision for paid parking on some street where once it had been free.

This will bring in around $152-thousand in new revenue.

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News
9:37 am
Wed June 5, 2013

Colonial School District Voters Approve Property Tax HIke

Credit Don Rush

Voters in the Colonial School District finally gave their approval to a property tax hike but only narrowly by a 67 vote margin out of around 6-thousand votes.

It means that the rate will go up by 35 cents per $100 of assessed property value and should raise $9.6 million for the district to fill deficit left by a decline in federal and state support during the recession.

The average property owner will see an increase of around $265 per year.

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News
10:12 am
Tue June 4, 2013

Property Tax Referendum in Colonial School District Today

Credit 123rf.com

NEW CASTLE, Del. (AP) - Colonial School District voters are set to weigh in on a measure that aims to raise $9.6 million for the district.

Voters will decide Tuesday whether to raise property taxes after the district's first attempt at a tax increase failed in February. The measure is meant to fill in for declines in federal and state funding.

Colonial School District Superintendent Dorothy Linn says this time administrators have made an effort to explain the district's position.

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News
9:25 am
Mon May 20, 2013

Expect Small Hike in Somerset County Property Taxes

Credit Somerset County Seal

There could be a small increase in property taxes for Somerset County residents.

The proposed 2014 budget is expected to hike the rate from 88.3 cents per $100 of assessed property value to 91.5 cents.

This would allow the county to get the same amount of tax revenue as the current year to make up for the decline in assessed property values during the Great Recession.

But the new rate is lower than it was four years ago.

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News
8:52 am
Mon May 13, 2013

Public Meeting on Property Tax Hike Referendum in Colonial School District

Credit Don Rush

Tonight residents in the Colonial School District will get a chance to hear about a referendum set for June 4th calling for an increase in the property tax of 35 cents per $100 of assessed value.

Superintendent Dr. Dorothy Linn said that the district is trying to just maintain the status quo.

She said that 30 cents would go toward operations.

One penny would go toward curriculum, while four cents would shore up technology.  

District officials will be on hand at Gunning Beford Middle School at 7 pm to take the public’s questions.

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News
11:55 am
Fri May 10, 2013

Appoquinimink School District Voters Approve Funding Referendum

Credit Don Rush

The residents of the Appoquinimink School District have given the thumbs up in yesterday’s referendum to add $2.8 million to next year’s school budget.

The property tax increase will amount to an additional 15 cents per $100 of assessed property value.

This is the second time the District has sought funds through a referendum.

In February voters rejected a request for a 24 cent hike per $100 of assessed property value next year with an additional 11 cents in the following three years.

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News
11:23 am
Fri March 22, 2013

No Tax Hike for Princess Anne Property Owners

Credit townofprincessanne.com

There will be no hike in property taxes or town fees for the residents of Princess Anne this fiscal year.

The current fiscal year saw a 16-cent hike just to keep the municipal tax revenue flat after the state dropped the assessment of local property values by 23 percent.

The Salisbury Daily Times reports that the town has been exempted from the constant yield rate a mechanism controls the amount of revenue a city can get from its new property assessments.

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News
8:54 am
Tue March 12, 2013

Ocean City Grapples With Expected Budget Shortfall

Ocean City, Maryland
Credit ococean.com

Ocean City is facing a $1.5 million budget shortfall in the next fiscal year.

Council members are trying to come up with ways to close the gap ranging from upping parking lot fees and municipal bus fares to the creation of a stormwater utility.

The Salisbury Daily Times reports that the council is likely to hike the property tax rate by 1 percent with every penny generating $863-thousand in revenue.

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News
11:02 am
Fri December 7, 2012

OC Revenues Up Slightly

Credit ococean.com

It was a good year for Ocean City when it came to revenue.


It was up slightly with increases in service fees and bond proceeds.


Room sales were up 6.25 percent and beverage sales were up by over 4 percent.


The town also issued over 15-hundred construction permits in 2012 which is down from just over 16-hundred in 2011.


The Salisbury Daily Times reports that the estimated value of construction in 2012 was $35.4 million.


That’s up from $25.5 million the year before.

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News
9:08 am
Fri June 15, 2012

Property Tax Rate Holds Steady in Crisfield Budget

The Crisfield City Council has given its approval of a $3.3 million budget that is $100-thousand less than the current year’s spending plan and keeps the property tax at current levels.

Mayor Percy Purnell called it the – the tightest budget situation – the city has ever seen adding – in his words – Unless you want to raise taxes you’re living on the very edge.

The Salisbury Daily Times reports that the city will get $1.3 million from property taxes and another $1.3 million from water and sewer charges.

News
8:45 am
Thu June 7, 2012

First Property Tax Hike in Seven Years Voted by Worcester County Commissioners

For the first time in seven years the Worcester County Commissioners have voted to raise the property tax.

The $165.9 million operating budget for the 2013 fiscal year will see a 7 cent hike in the property tax for a rate of 77 cents of $100 of assessed property value.

In addition, there will be a 2 percent cost-of-living pay hike for county employees.

Commission President Bud church told the Salisbury Daily Times that much of the problem lies with the state passing along half the cost of teacher pension payments to the counties.

News
8:43 am
Thu June 7, 2012

Dewey Beach To Take Up First Property Tax In Its History

The Town Council of Dewey Beach will take up a proposal tomorrow night to impose its first property tax.

David King, chair of the Budget and Finance Committee, said the resort was losing ground in finding revenue for its budget.

The Wilmington News Journal reports that like most coastal communities Dewey Beach benefited from the building boom and created a surplus of more than $2 million.

Most of the money for the resort’s local government comes from the transfer fee paid when real estate is sold, building permits and fines.

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News
8:18 am
Fri June 1, 2012

Cut Coming For Property Taxes in Berlin

Residents in Berlin will get an average cut of $100 in their property taxes under the $13.5 million budget for the next fiscal year.

The Town will cut the tax rate by 5-cents per $100 of assessed property dropping from 73 cents to 68 cents.

It will cost the town around $102-thousand in revenue.

Mayor Gee Williams said the cut was made possible by the surplus the town had accrued over the last few years.

The Salisbury Daily Times reports that council member Dean Burrell credited the town staff for its efforts to cut department budgets.

           

News
9:10 am
Thu May 24, 2012

Dover City Council Members Question Proposed Property Tax Hike

 The Dover City Council is still seeking an alternative to a proposed 3 percent property tax increase offered up by city administrators to help filled a $3.4 million shortfall in next year’s budget.

Last night’s meeting wrapped up a two-night draft budget presentation which asked for alternatives to the 1 cent rate hike that would account for only $315-thousand.

Council member Beverly Williams wondered whether there was a better way to come up with the money emphasizing that the tax increase would be a relatively small part of the $166 million operating budget.

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News
9:13 am
Wed May 23, 2012

Ocean City Lowers Property Tax Rate in New Budget

Ocean City’s 2013 fiscal budget that lowers the property tax rate by a penny and dips into the resort’s reserve funds to make up the difference got a slim majority of the Town Council.

Council members Jim Hall, Joe Hall, Brent Ashley and Margaret Pillas cast their votes for the spending plan that includes A 45.85 cent tax rate on $100 of assessed property value.

Council members Lloyd Martin, Doug Cymek and Mary Knight opposed the budget saying they did not want to take the $860-thousand from the reserve fund.

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News
8:45 am
Wed April 18, 2012

Mayor Proposes Hike in Property Tax

 

             Salisbury residents could be hit with a 1.5 percent hike in their property taxes after four years of holding the line on such an increase.

            That’s the issue facing the city as Mayor Jim Ireton rolled out his 2013 budget plan this week.

            The Mayor says the increase is needed in light of the decline of $1.7 million in property tax revenues since 2010 because of a $221 million drop in property assessments.

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News
9:06 am
Wed March 21, 2012

Worcester County Could See Hike in Property Tax Rates

 

           Worcester County residents could be facing a hike of as much as 7.25 cents in their property tax rate to close a $17 million budget shortfall.

            Worcester Commissioners say they do not want to raise the property tax.

            But the Salisbury Daily Times reports this could be changing.

            Commission President Bud Church told the paper that he felt a tax increase is inevitable.

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