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Montgomery Co. council approves 8.7 percent tax hike

WASHINGTON — Homeowners in Montgomery County should brace themselves for a tax increase: In a vote that signals how the final operating budget will look, the County Council approved a property tax increase that will raise those taxes by 8.7 percent.

And when homes are sold, buyers and sellers will see a jump in the tax they pay. The recordation tax, as it’s known, will increase so that a home valued at $400,000 would see an increase of the recordation tax of $255.

A $600,000 home would see the same tax jump by $805, according to figures provided by the county.

“Nobody likes the idea of increasing taxes of any kind, but our needs are great,” Council President Nancy Floreen said in a statement issued after the vote.

The increase in the recordation tax will go mostly to school construction, a critical need, Floreen said, as school system enrollment keeps rising.

The final vote on the county’s $5.3 billion budget will be held on May 26.

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When play resumes June 20 in Italy's Serie A, Juventus will be in first place and looking to secure its 68th league championship. If you're not familiar with one of the world's most famous soccer teams, think the New York Yankees of Italian soccer. But all its glamour and success is matched with true character and commitment for the way the game is played. That's not just limited to the team in Italy, but extends to a global network of youth clubs, including the Montgomery County, Maryland-based Juventus Academy DC Metro.
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