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The Maryland Department of Assessments and Taxation (SDAT) announced its 2022 reassessment of 704,430 “Group 1” residential and commercial properties. In Maryland, there are more than 2 million property accounts which are split into three groups, each appraised once every three years. The overall statewide increase for “Group 1” properties was 12.0% over the past three years according to SDAT. ....
Residential and commercial property values in Maryland will climb 12% on average next year, state officials said Tuesday, meaning higher property tax bills for many in what will be the fourth straight year of rising home assessments. ....
Residential and commercial property values in Maryland will climb 12% on average next year, state officials said Tuesday, meaning higher property tax bills for many in what will be the fourth straight year of rising home assessments. ....
Credit: Getty Images Property values in the state are set to go up by more than 8% in the coming year. The Maryland Department of Assessments and Taxation says the jump in assessments, which are done every three years, shows an average increase of 7.5% for residences. And more than 9% for commercial properties. The news release from SDAT states there are more than 2 million property accounts which are split into three groups, each appraised once every three years. The Thursday announcement addresses a reassessment of 759,422 “Group 3” residential and commercial properties. The overall statewide increase was slightly lower than 2019’s 8.9% increase, according to the data from the news release. This represents an average increase in value of 7.5% for all residential properties and 9.7% for all commercial properties since the last Group 3 reassessment in 2018. ....
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