The proposed amendment to Section 614 of the Talbot County Charter would:
Lift the cap on revenues generated by real estate taxes from 2% to 2.5% while eliminating Consumer Price Index - Urban (CPI - U) as a lesser alternative cap;
Authorize a temporary increase above the 2.5% cap of one cent ($0.01) per one hundred dollars of assessed value in each of the four fiscal years beginning July 1, 2019; and,
Clarify that the County's taxable base and real estate tax revenues are calculated with reference to the State's Constant Yield Tax Rate Certification.
For the Charter Amendment
Against the Charter Amendment
