Lower Property Taxes in Prince Georges County for 2011?

By
Real Estate Agent with Keller Williams Preferred Properties

The property tax rate was voted  for in late June 2011 and will NOT be increasing but will be staying the same in Prince Georges County in 2011.  This will be signed into effect on July 1st 2011. In order to know whether your taxes will be decreasing, you have to check to see if the TAX ASSESSED VALUE for the home was lowered. If it is, then this means the property taxes for that property will be dropping by Mid July.

If the tax rates would have increased this may not have changed the taxes even with the assessed values decreasing, depending on how much they increased the rate by. However we don't have to worry about that this year. Yeah!

A lot of the homes in Prince Georges County have a much lower tax assessed value for the 2011 year.  I've seen some decrease as much as $200,000+ lower than what it was tax assessed for in 2010.

Below is a REAL example:

The new Tax Bill amount for 2011 should be update by Mid JULY/AUGUST, so the family above should see a major decrease in their taxes. However there are some homes that may have an increase in the assessed value, but at least they won't have to worry about an increased tax rate as well.

Let me know if you need me to look up the 2011 tax assessed values for you to see if the home you're thinking of purchasing will have lower taxes come Mid July/August.

Temi AkojieKeller Williams Preferred Properties
Direct:301-337-7325 (REAL)
Office:240-737-5000
Fax: 240-296-5140
www.buyorsellbowiehomes.com
www.realhomesbytemi.com
REAL market, REAL agent, REAL results

Posted by

Temi Akojie
Keller Williams Preferred Properties
Direct:301-337-7325
Office:240-737-5000
Fax: 240-296-5140
www.mdchomeadvisor.com 
REAL.RELIABLE.REAL ESTATE

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