Cumberland Times-News

Opinion

May 11, 2013

You’re not saving on taxes; your house is just worth less

The Allegany County Commissioners (McKay, Brodie and Valentine) are proud as peacocks because, for the third year in a row, they are going to lower your county real estate tax rate by one-tenth of a cent per $100 value of your house.

Simply put, if your house is valued at $100,000, their action will produce a tax savings of $1.

If your house is valued at $200,000, their action will produce a savings of $2, and so on.

However, your tax bill will go down by more than this if the assessed value of your house has gone down.

The state of Maryland assesses houses on a triennial basis. If the assessed value of your house has gone down by $20,000 your tax bill will be reduced by $200.

Do not let these commissioners convince you that they are providing you with anymore than a one or two dollar reduction in taxes.

As the $200 reduction means that your biggest asset, your house, is now worth $20,000 less than the previous assessment.

The kind of leadership provided by this triumvirate is the reason why we live in the poorest county of one of the richest states in the union.

Do not be fooled by these commissioners on this tax reduction this July when you receive your tax bill.

Kevin Shaffer

LaVale

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