Sponsored by Navy Federal Credit Union
TRAFFIC ALERT Accident on Bay Bridge brings available lanes down to one crossing eastbound on Rte. 50

Montgomery Co. sues Fannie Mae, Freddie Mac for back taxes

Montgomery County officials are suing Fannie Mae and Freddie Mac for at least $75,000 in unpaid Maryland property transfer taxes, the Washington Examiner reported.

Corporations and residents who buy or sell real estate in the county are subject to a 1 percent transfer tax. According to county law, though, government agencies are exempt from this rule if a property is being transferred to them. Fannie and Freddie are considered government agencies, though county officials claim they should be classified as private, for-profit companies; therefore they shouldn’t be exempt from the payment.



Advertiser Content