We are pleased to share this information, which MHLA is sending on behalf of Clearview Group LLC.
(Please note: This email does not constitute an endorsement by MHLA.)
Maryland Real Property Assessments on the Rise for Commercial Properties
The 2018 real property assessments throughout the State of Maryland are on the rise for nearly 752,000 residential and commercial properties. Values of residential homes rose an average of 5.8%; however, commercial properties rose a much greater 12.7% over the same three-year period since 2015.
Of all the counties in Maryland, Prince George’s County saw the highest uptick in assessed values with residential properties increasing by 21.4%, and commercial properties increasing by 10.6% over their previous assessed values. Other notable average increases in commercial assessments by county were 14.1% in Anne Arundel, 8.5% in Baltimore City, 11.7% in Baltimore County, and 15.5% in Howard County.
The deadline for filing real property assessment appeals is fast approaching on Monday, February 12th. If you are concerned with this year’s real property assessments, now is the time to challenge these assessments before it’s too late.
Clearview is more than happy to discuss the appeal process with you, and to answer any questions that you may have on our Real Property Consulting Services, as well as the other services in Clearview’s State and Local Tax (SALT) Practice (including personal property tax, sales & use tax, unclaimed property, and business license/ gross receipts tax consulting). It is important to note that our fees for real property consulting are strictly based on the success of the appeal, if we are not successful in reducing your tax assessment, then you are not invoiced for our services.
If you wish to discuss any of this in much greater detail, please don’t hesitate to give me a call at 667-207-8711 or email me at email@example.com.