The Montgomery County Council on Tuesday unanimously approved regulations to implement the “More Housing at Metrorail Stations Act,” which aims to incentivize high-rise housing construction at Metro stations by providing a payment in lieu of taxes (PILOT), with some criteria for development. According to the council, the bill offers the PILOT for 15 years for […]
County’s Cashier Window Closed; Residents Encouraged to Pay Property Taxes Online
The Montgomery County Department of Finance encourages property-owners to pay their taxes online this year while the Montgomery County’s cashier window is closed to the public. The county is promoting online payments this year because of the COVID-19 pandemic. “The easiest and safest way to pay your taxes is from the comfort of your home […]
Five Things to Know for May 16 in Montgomery County
Here are five things to know for Wednesday, May 16, in Montgomery County: 1. Property Taxes: The Montgomery County Council is expected to reach an agreement on property tax rates and credits for County homeowners during a work session meeting today at 9:30 a.m. The session will be available live via streaming through the Council web site […]
Riemer Meets the Media
Council President Hans Riemer met with reporters and the topics included: the County Council going through County Executive Ike Leggett’s savings plan, the temporary protected status of 10,000 Salvadorans in the county and Silver Spring in the wake of Discovery Communications’ departure.
Legislation Allows Homeowners to Prepay Property Taxes
The Montgomery County Council held a special legislative session Tuesday to enable residents to prepay their 2018 county property tax in 2017, which would increase a deduction on their 2017 federal tax return. The measure passed by a 7-1 vote. The bill requires the county to refund any amount paid that is greater than the […]
County Council President Roger Berliner Headlines GCAAR Speaker Series (VIDEO)
Montgomery County Council President Roger Berliner headlined the Greater Capital Area Association of Realtors (GCAAR) speaker series luncheon on Feb. 8. “They invited me here to share my thoughts on how our county can prosper going forward,” said Berliner. “I hope to assure them that we will, in fact, prosper going forward, and hopefully their […]
Quelling April Aftershocks, Tax Efficient Investing For Gen X
Do April showers bring May flowers or does the April tax filing date bring us face-to-face with our non-flowery tax realities? According to Bloomberg, the average federal income tax rate in 2015 was over 10 percent, but for a family earning over $100,000 that rate can quickly climb. After adding the average 9.5 percent paid […]
Councilmember Sidney Katz on Leggett’s Recommended Budget (VIDEO)
Montgomery County Councilmember Sidney Katz said he has always believed that raising taxes is a last resort. But that doesn’t mean he won’t support County Executive Ike Leggett’s recommended $5.3 billion operating budget, which includes a property tax hike. Find out more in this MyMCMedia Extra video: Katz said that budget decisions are some of […]
County Council Approves County Renters’ Property Tax Relief
The Montgomery County Council approved on July 28 a renters’ tax relief to assist low-income residents. The approved bill establishes the County Renters’ Property Tax Relief Supplement for residents who qualify for a payment from the State “Renters’ Tax Credit Program.” According to a news release, eligibility for the county supplement would be tied to […]
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