By KRISSI HUMBARD — The Hyattsville City Council voted April 16 to set the Fiscal Year 2019 real property tax rate. The rate remains unchanged at $0.63 per $100 of assessed value.
For the tax year beginning July 1, the estimated real property assessable base will increase by 4.75 percent, from $1,897,161,294 to $1,987,237,231. With the rate unchanged, real property tax revenues will increase by 4.75 percent, resulting in $567,478 of new real property tax revenues.
The mayor and council are required to set the real property tax rate as part of the annual budget process. Prior to the vote, the council held a public hearing on the property tax. Two residents gave comment in favor of the proposed tax rate. After hearing the comments, council voted unanimously to set the rate at$0.63 per $100 of assessed value.
For a breakdown of the tax rate, see the Maryland 2018 Constant Yield Tax Rate Certification.
Budget documents can be found at www.hyattsville.org/budget. Paper copies of the budget can be requested by calling 301-985-5009 or via email at email@example.com.