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The Maryland Department Of Assessments And Taxation missing a deadline could lead to a loss of revenue in three years.
The Maryland Department Of Assessments And Taxation is currently sending out the missed notices and is working to solve the said issues. (Photo: CBS Austin)
Maryland Department of Assessments and Taxation’s Missed Deadline
Maryland Department of Assessments and Taxation missed a deadline to mail updated property tax assessments, leading to lower property tax collections for local governments.
This error made by the Maryland Department of Assessments and Taxation could result in a quarter of a billion dollars less in revenue over three years.
The Maryland Department of Assessments and Taxation is mailing out the missed notices and working to resolve the issue.
Lawmakers are concerned about the missed deadlines made by the Maryland Department of Assessments and Taxation and ensuring property owners are not unfairly taxed.
According to a published article by SmartNews, lawmakers are calling for a thorough investigation into how this error occurred and are pushing for accountability within the Maryland Department of Assessments and Taxation.
They are also exploring potential solutions to prevent similar mistakes made by the Maryland Department of Assessments and Taxation in the future and to ensure that property owners are properly notified and taxed.
The Maryland Department of Assessments and Taxation handling of this situation will be closely monitored to ensure transparency and efficiency in resolving the issue.
107,000 Assessments
In a published article by Maryland Matters, about 107,000 assessments were not sent out on time, resulting in an anticipated loss of a quarter of a billion dollars in revenue for counties over three years.
The error, made by the Maryland Department Of Assessments And Taxation, was attributed to a mistake by the printing and mailing vendor. Lawmakers are concerned about the impact on property owners and ensuring that tax bills comply with Maryland law. Plans are in place to send out the missed assessment notices soon.
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