Property owners will receive redesigned assessment notices that reflect the changes in the real estate market since 2005.  Any increase in property value will be phased-in equally over the next three years. Any decrease will be fully implemented in the first tax year and the property value will remain at the reduced assessment for the full three-year cycle. (Press Release, Maryland State Dept. of Assessments and Taxation)

The Maryland Dept. of Assessments and Taxation may grant a two-month filing extension request for filing the 2009 personal property tax return.  Businesses must make the request by April 15, 2009.  For details, visit http://taxext.resiusa.org/extension/default.asp.

 

 

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