Queen Anne's County Commissioners Announce Fiscal Year 2024 Tax Rates and Budget Adoption
The Queen Anne's County Commissioners, at their regular meeting on June 13, announced the adoption of the tax rates and budget for Fiscal Year 2024 (FY24). With a budget of $183.6 million, this year's county budget maintains the same tax rate as the previous year. The FY24 budget reflects a 7.1% increase over the previous year, mainly due to the economic uncertainty caused by the pandemic and recent inflationary pressures on labor and material costs required to deliver essential public services.
The real estate tax rate for FY24 is set at $0.8300 per $100 of assessed valuation, which is 0.018 cents above the constant yield. This places Queen Anne's County as the third lowest in terms of real property tax rates among all 23 counties (and Baltimore City) in Maryland. The county tax rates for the municipalities of Centreville and Millington have been established at $0.7000 and $0.7450 per $100 of assessed valuation, respectively. Read the full article here https://www.qac.org/CivicAlerts.aspx?AID=2456