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Maryland State Department of Assessment and Taxation (SDAT) for Worcester County Reports 15% Decrease In Property Values

The Maryland Coast Dispatch had an article Friday reporting another decline in the taxable value of Ocean City Maryland property values:

“According to Robert Smith, director of the State Department of Assessment and Taxation (SDAT) for Worcester County, most residential property owners in Ocean City will see their values decline by an average of [...]

Property Values Drop 14.9 Percent In Southern End Of Worcester County

This may not be the best news to start off with for the new year, but it is big news, and it is a confirmation 0f market trends for Worcester County Maryland real estate. For prospective buyers of real estate in the southern end of  Worcester County, it is certainly a positive. Ocean City Today [...]

MORE OCEAN CITY MARYLAND COMMERCIAL PROPERTIES? City officials seek to cut residential density on parcels in districts zoned for business

Ocean City Today reported on Friday about a restructuring of the zoning rules being considered by the City Council of Ocean City, Maryland. The proposed change would modify the current rules for residential development on commercially zoned properties:

“For about two years, the resort’s Planning Department has discussed the possibility of reducing the number [...]

Reduction In Early Property Tax Discount Proposed By Worcester County Maryland Commissioners

The Maryland Coast Dispatch is reporting the latest non-tax-increase tax increase this week proposed at the meeting of the Worcester County Maryland Commissioners:

“An attempt to recoup about half a million dollars for the tight Worcester County budget next fiscal year by reducing the discount for early payment of property taxes to half a [...]