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	<title>Cecil Times &#187; assessment</title>
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		<title>Cecil County Property Values Rise in South County; Home Sellers Benefit, Residents Could Face Higher Tax Bills</title>
		<link>https://ceciltimes.com/2019/01/cecil-county-property-values-rise-in-south-county-home-sellers-benefit-residents-could-face-higher-tax-bills/</link>
		<comments>https://ceciltimes.com/2019/01/cecil-county-property-values-rise-in-south-county-home-sellers-benefit-residents-could-face-higher-tax-bills/#comments</comments>
		<pubDate>Thu, 10 Jan 2019 23:40:27 +0000</pubDate>
		<dc:creator><![CDATA[Nancy Schwerzler]]></dc:creator>
				<category><![CDATA[Alan McCarthy]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[cecil county]]></category>
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		<category><![CDATA[Gary Duffy]]></category>
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		<category><![CDATA[Joe Zang]]></category>
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		<category><![CDATA[norman Wehner]]></category>
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		<guid isPermaLink="false">https://ceciltimes.com/?p=5407</guid>
		<description><![CDATA[Home values rose 9 percent in southern Cecil County and parts of Elkton over the past three years, according to new state property assessments&#8211; reflecting a resurging real estate economy in the county and a blessing for homeowners who suffered major losses in values during the recession that left them with mortgages higher than their property was worth. But the new valuations could mean higher tax bills for some residents. The Maryland Department of Assessments and Taxation (MDAT) recently issued new property valuations for one-third of Cecil County, covering southern Cecil County and parts of Elkton in an area designated as “Group 1.” One-third of county properties are re-assessed by the state each year, with all properties re-evaluated over a three-year cycle. The new assessments calculated that residential properties rose in value by 9 percent over their last evaluation three years ago, while commercial property values in the area rose by 11.4 percent in the “Group 1” area. Gary Duffy, supervisor of assessments for the Cecil County office of MDAT, told Cecil Times that the Group 1 area of the new assessments covers the south county, including Earleville, Cecilton, and Chesapeake City, plus sectors of Elkton south of I-95 and [&#8230;]]]></description>
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		<title>Cecil County Budget Warning: Casino $ to Decline, Schools Face Aid Cuts, Property Values Drop Could Prompt Tax Rate Boost</title>
		<link>https://ceciltimes.com/2011/12/cecil-county-budget-warning-casino-to-decline-schools-face-aid-cuts-propety-values-drop-could-prompt-tax-rate-boost/</link>
		<comments>https://ceciltimes.com/2011/12/cecil-county-budget-warning-casino-to-decline-schools-face-aid-cuts-propety-values-drop-could-prompt-tax-rate-boost/#comments</comments>
		<pubDate>Tue, 13 Dec 2011 20:47:07 +0000</pubDate>
		<dc:creator><![CDATA[Nancy Schwerzler]]></dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[cecil county]]></category>
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		<category><![CDATA[Robert Hodge]]></category>
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		<category><![CDATA[Craig Whiteford]]></category>
		<category><![CDATA[Hollywood casino]]></category>
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		<guid isPermaLink="false">https://ceciltimes.com/?p=1850</guid>
		<description><![CDATA[Local impact aid revenues from the Hollywood Casino in Perryville are likely to be lower than previously expected and Cecil County schools face new cuts in state aid in Fiscal 2013, the county’s budget director warned county Commissioners Tuesday. Craig Whiteford, the budget director, outlined issues facing the county as Commissioners begin the budget process in the new year. The Fiscal 2013 budget year begins 7/1/12, but commissioners begin reviewing budget issues in earnest in February and the budget is usually adopted at the end of May. Whiteford warned that lower property tax revenues, due to lower property values under state-rendered property assessments, means that just to keep the current “constant yield” of property tax revenues could mean a 2 ½ cent- increase in the current county tax rate. Constant yield means providing the same amount of overall property tax revenues to the county but if property values go down, it requires a higher tax rate for individual properties to generate the same amount of income as received in the previous budget year. The current property tax rate is .9401 cents per $100 of assessed property value, a rate that is a half-cent below the “constant yield” figure for the [&#8230;]]]></description>
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