Real estate blog entries tagged with real estate by Lynda Bloom (Weichert, Realtors)

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Home : Blogs : Lynda Bloom : Rockville Maryland Real Estate : Tag "real estate"

real estate: Property Tax Increase Disclosure - Do Sellers need to be a CPA?? - 11/27/07 03:12 PM

The Montgomery County, Maryland County Council will vote next Tuesday on Bill 24-07. To paraphrase, the purpose of the bill is to provide the buyer an estimate of the property taxes they will pay in the first full fiscal year of ownership.
This sounds reasonable on the surface. But the council's suggestion as to how this be accomplished is, in my opinion, complicated and oneous.
I invite you to look at the county tax office's website and the document they have posted to help sellers calculate the new tax figure:
"Procedure for Estimating Propery Taxes to comply with bill 24-07"
Our local association of Realtors and the Maryland Home … (10 comments)

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Lynda Bloom

Rockville, MD

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