Montgomery County Council proposes property tax increase

The Montgomery County Council has proposed a property tax increase for the fiscal year beginning this July, according to an required announcement published in local newspapers. If approved as is, property taxes would rise 4.7% in FY-2022. 

The Council has raised property taxes every year except FY-2015, when the average homeowner received a meager $12 savings, in an election year budget. FY-2017 had the highest tax increase on record; while officially 9%, due to ever-increasing assessments, it was effectively a 10 to 11% tax increase for many Montgomery County homeowners.

A property tax increase amidst the pandemic is raising eyebrows among taxpayers aware of the proposal, and in the business community. The County economy has been moribund for over a decade, according to federal government statistics, with Montgomery at rock bottom in the region by every relevant economic development measure from job creation to business growth.