Ocean City Today on Friday reported that reduced property value assessments will be delivered to many Ocean City Maryland property owners by mail in the coming weeks:
“Ocean City property owners started the new year with good and bad tidings, depending on how they feel about having a lower property assessment.
On the one hand, a lower assessment reflects a possible loss in value, while on the other, it could mean a bit of a tax break. Either way, the new assessments were mailed out around Dec. 28 and nearly all of them are lower than in 2009.
According to Robert Smith, the state assessor for Worcester County, the value of 97 percent of properties being assessed are going down, in part because of the number of unoccupied condos in the resort.”
The full article –
