This all comes on the heels of recently proposed rent regulation legislation and other tax increases all to meet the County’s ballooning costs of education mandates and housing needs.
On May 9, 2023, the Montgomery County, Maryland Council voted 7-4 in favor of increasing its real estate recordation tax by enacting Bill 17-23, Taxation – Recordation Tax Rates –.
Montgomery County is looking at two proposals for rent stabilization. We think this is good, but it’s only the beginning for tackling our housing crisis.