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Property assessments are down by 22 percent in the past three years in Maryland. The Maryland Department of Assessments and Taxation says real estate values on residential properties have suffered the largest decline in the history of the department.
The state reassesses properties every three years. The new assessments are based on the sales of about 51,650 properties over that period of time. While they play a role in determining local property taxes, next July's tax bills will be calculated with tax rates set by local governments.
The department mailed notices yesterday to nearly 740,000 property owners reflecting the drop.
Fictional 'Mothers' Reveal Facts Of A Painful Adoption Process
After years trying to conceive, novelist Jennifer Gilmore and her husband decided to adopt. What they thought would be a relatively simple process was instead a long and painful one. In her latest novel, Gilmore channels these autobiographical experiences into fiction.How Genomics Solved The Mystery Of Ireland's Great Famine
Although scientists have known that a funguslike organism caused the potato blight that triggered the Great Famine in Ireland in the 1840s, they didn't know which strain was the culprit. But they do now, thanks to the genes in some 19th century potato samples.Oregon's Cash-Strapped Counties Reject Public Safety Levies
Two Oregon counties have reportedly rejected property tax increases that would have funded law enforcement and public safety services. The counties once received federal timber subsidies, but those days are over — and now they're scrambling to pay for essential services.How That 'Nigerian Email Scam' Got Started
You've probably seen it in your inbox before: Someone who claims to have come into a fortune needs your help. You can share in the profits — if you send along a deposit or your bank account number. Boston Globe correspondent Finn Brunton talks about the history of the "Nigerian prince" or "419" scam, which actually got its start long before email.Leave a Comment
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