SALISBURY, Md. (AP) — Property taxes are rising in Wicomico County for the fifth consecutive year.
The Daily Times (http://delmarvane.ws/1kwMVtc ) reports the County Council voted 5-2 on Tuesday night to approve its annual budget with a 5 percent property tax increase.
For a $150,000 home, that leads to an increase of about $65 on the annual tax bill. Since 2010, that tax bill has gone up $290.
This year’s tax increase goes into effect July 1. County Executive Rick Pollitt says the tax hike is needed to offset a 2.5 percent drop in the county’s total property value.
The county also plans to take $7 million from its $39 million reserve fund to pay for a backlog of road maintenance projects and new benefits under a restructure police labor agreement.
Information from: The Daily Times of Salisbury, Md., http://www.delmarvanow.com/
Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Memorial Day weekend events from around the nation, and the D.C. area, captured in photos.