Look for QA property tax bills in August
CENTREVILLE — Property tax bills will be arriving in the mail in early August and again this year, taxpayers in owner-occupied homes have the option of making two payments, one in September the second in December. However, again this year, citizens who opt for the two-payment plan must remember to make the second payment as a second bill is not sent.
The fiscal year 2017 property tax rate remains the same at $0.8471 per $100 of assessed value. This is $0.0108 per $100 of assessed value (about one cent) above the constant yield rate of $0.8363 per $100 of assessed value. The constant yield rate is the property tax rate which will produce the same amount of property tax revenue as the previous fiscal year. The constant yield rate is lower than the current rate because overall assessments in the county have increased slightly, about 1.3 percent, since last year.
Finance Director Jonathan Seeman said, “For commercial properties, if your tax bill is under $100,000, you may also pay your bill in two payments. If, as a commercial property, you intend to pay in two payments, call the Finance Office at 410758-4064 prior to September and we will send you a two part bill.”
The FY2017 budget is $129.8 million, which is a $4.7 million or 3.7 percent increase above last year’s budget, said Seeman. “Revenues for the county increased moderately, with a small increase in property taxes, while income tax revenue is estimated to be 3.8 percent higher.”
Included in the budget is a $1.3 million increase in county funding for the school board and another $1.2 million (for the third year) of technology improvements in the schools, for a total contribution to public schools of $57.63 million, about a 2 percent increase over FY2016.
The capital budget includes funding for a new county courthouse and $2.5 million for road resurfacing.