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Md. home assessments to fall an average 19.7%– ‘Unprecedented’ slide is reversal of frenetic 2005-06 housing bubble

This has to be a super hot topic on the minds of the 1/3 of  Maryland real property owners who will be receiving their Maryland real property assessment notices in the days ahead. The Baltimore Sun reported on December 29th that statewide Maryland real estate tax assessments were to fall an average of 19.7 percent:

Maryland State Department of Assessment and Taxation Reports That North-End Ocean City Maryland Property Values On Decline

The Maryland Coast Dispatch has a good article in it’s recent December 4th issue concerning the amount of assessment value decline for properties in the Greater Ocean City Maryland area:

“When the latest reassessment notices for the north end of Worcester County hit mailboxes later this month, most residents will not be surprised to [...]