#19 - Property Tax Rates –Does not require 11 affirmative votes
Resolution No.:
Introduced:
Adopted:
COUNTY COUNCIL
FOR MONTGOMERY COUNTY, MARYLAND
By: County Council
SUBJECT: Tax Levy Resolution - Fiscal Year 2024
Action
The County Council for Montgomery County, Maryland approves the following resolution:
1. In accordance with Chapters 14 and 52 of the County Code and the Tax-Property Article of the
Maryland Code, the Council sets the following tax rates and other charges on all assessable real
and personal property for FY 2024. The rates are in dollars per $100 of assessed value. In
accordance with the Tax-Property Article, the tax rate for personal property is 2.5 times the tax
rate for real property.
DISTRICT or AREA
FOR THE USE OF:
Rate in $ per $100
Montgomery County
Real
Personal
General County, MCPS, and Montgomery College
0.6700
1.6750
MCPS Only
0.0470
0.1175
Special Districts
Washington Suburban
Transit
County - for mass transit facilities and services,
including administrative expenses of Washington
Suburban Transit Commission
0.0852
0.2130
Fire Tax
County
0.1184
0.2960
Recreation
County
0.0330
0.0825
Storm Drainage
County
0.0000
0.0000
Sanitary
WSSC Front Foot Benefit Charges
WSSC estimate
Page 2 Resolution No.:
Urban Districts
Rate in $ per $100
Real
Personal
County
0.0120
0.0300
County
0.0240
0.0600
County
0.0300
0.0750
Noise Abatement Districts
County
0.0000
0.0000
County
0.0000
0.0000
Parking Lot Districts
1. On property used for commercial or industrial purposes
County
0.0000
0.0000
County
0.0000
0.0000
County
0.0000
0.0000
2. On property zoned or recommended for commercial or industrial purposes,
but not so used
Bethesda
County
0.0000
0.0000
Silver Spring
County
0.0000
0.0000
Wheaton
County
0.0000
0.0000
Page 3 Resolution No.:
Maryland-National Capital Park & Planning Commission in Montgomery County
Rate in $ per $100
Real
Personal
Montgomery County
I. Advance Land Acquisition Revolving Fund
0.0010
0.0025
Metropolitan District
II. Park Fund
Real
Personal
Mandatory
0.0360
0.0900
Maintenance
0.0080
0.0200
Discretionary
0.0210
0.0525
Total Metropolitan District Tax Rate
0.0650
0.1625
Regional District
III. Administration Fund
Mandatory
0.0120
0.0300
Discretionary
0.0086
0.0215
Total Regional District Tax Rate
0.0206
0.0515
Local Special Taxing Districts
Battery Park
Citizens Association
0.0400
0.1000
Oakmont
Citizens’ Committee
0.0400
0.1000
Village of Drummond
Citizens’ Committee
0.0050
0.0050
Village of Friendship Heights
Village Council
0.0400
0.0400
Silver Spring Business Improvement
District, Inc.
Business Improvement
District
0.0000
0.0000
County Development Districts and Special Taxing Districts
District
Special tax per $100
of assessed value
Special benefit assessment per
Equivalent Dwelling Unit.
Kingsview Village Center
$0.0000
$0.00
West Germantown
$0.1330
$0.00
White Flint
$0.11052
$0.00
Page 4 Resolution No.:
2. Section 305 of the County Charter requires 11 affirmative votes if the weighted tax rate in
FY 2024 exceeds the weighted tax rate in FY 2023. The weighted tax rate in FY 2024 does not
exceed the weighted rate in FY 2023; therefore, 11 affirmative votes are not required to adopt
this resolution.
3. The supplemental tax for Montgomery County Public Schools (MCPS), in the amount of 0.0470
cents for every $100 of assessed value, is levied pursuant to Section 5-104 of the Education
Article of the Maryland Code. Therefore, the supplemental tax is not subject to the 11-vote
requirement under Section 305 of the County Charter. The affirmative vote of 6
Councilmembers is required to adopt the supplemental tax for MCPS. All revenues generated
from the MCPS supplement must be used solely to fund MCPS. The supplemental tax for MCPS
under this resolution must not be used, for FY 2024 or for subsequent years, to calculate the ad
valorem weighted tax rate under Section 305 of the County Charter.
4. The State of Maryland adopted the following tax rates on all assessable real property for FY
2024. The rates are expressed in dollars per $100 of assessed value.
On the real property of public utilities $0.280
On all other real property $0.112
5. Section 310 of the Charter limits the target reserve in the General Fund planned for the end of
FY 2024 to a maximum of 5% of the revenue in the General Fund in FY 2023. The Office of
Management and Budget estimates that revenue in the General Fund in FY 2023 will be
$3,968.1 million, and 5% of this is $198.4 million. The target reserve in the General Fund
planned for the end of FY 2024 does not exceed the Charter limit.
6. The constant yield tax rate requirement applies only to the General Fund tax rate for real
property. The State calculated this rate to be $0.6745 per $100 of assessed value for FY 2024.
On April 18, 2023, in Resolution 20-122, the Council stated its intent to consider a General
Fund rate of $0.7700 per $100 of assessed value that included the proposed supplemental 10
cent rate for MCPS, which exceeds the constant yield tax rate. The Council placed an
advertisement of this intent in a newspaper of general circulation, and the Council held the
public hearing on May 2, 2023. The Council sets the General Fund rate at $0.6700 per $100 of
assessed value for FY 2024, excluding the supplemental tax for MCPS.
This is a correct copy of Council action.
___________________________________
Sara R. Tenenbaum
Clerk of the Council