Somerset County To Keep Tax Rate Level

PRINCESS ANNE, MD – The Somerset County Commissioners will not raise property taxes this year, according to the county’s finance director.  The Daily TimesLiz Holland reports that the county will offer a FY 2013 budget of approximately $35.8 million.

By holding the current real property rate level at $0.8837, the county will have approximately $1.25 million less revenue in FY 2013 than in 2012.  The county will also have to budget for $480,124 in teacher pension costs.  To help offset those costs, Somerset County will receive $381,799 from the state.

The County Commissioners will hold a public hearing tonight at 7 PM at the county office complex in Princess Anne.

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