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Property Taxes To Rise For 5th Year In Wicomico

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MONEY GENERIC

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SALISBURY, Md. (AP) — Property taxes are rising in Wicomico County for the fifth consecutive year.

The Daily Times reports the County Council voted 5-2 on Tuesday night to approve its annual budget with a 5 percent property tax increase.

For a $150,000 home, that leads to an increase of about $65 on the annual tax bill. Since 2010, that tax bill has gone up $290.

This year’s tax increase goes into effect July 1. County Executive Rick Pollitt says the tax hike is needed to offset a 2.5 percent drop in the county’s total property value.

The county also plans to take $7 million from its $39 million reserve fund to pay for a backlog of road maintenance projects and new benefits under a restructure police labor agreement.

(Copyright 2013 by The Associated Press. All Rights Reserved.)

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