Desperate to raise money for basic county services, Prince George's County Executive Jack B. Johnson is asking state lawmakers to approve a bill that would raise the size of annual property tax increases.
Johnson (D) has asked the legislature to consider a bill that would change the formula used to determine property taxes. Under state law, property taxes cannot increase by more than 10 percent in any year, but each jurisdiction sets its own rate. In Prince George's, the tax cannot increase by more than 5 percent over the prior year. The bill would allow property taxes to go up by 10 percent during fiscal 2009 and 2010.
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to add, the sunset date of 2010 is most likely to go away and we'd be stuck with this increase forever; this was brought out at the hearing... 99.9% of the sunset dates just are taken off legislation, and this was stated by our Delegates.
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