The Washington County Commissioners will discuss a recommendation today to set transfer and excise tax rates that would generate $2.4 million a year through fiscal year 2009.
The Maryland General Assembly last month gave the County Commissioners the authority to implement the taxes on real estate transactions and new construction.
The state law requires that $400,000 of the excise tax revenue go toward agricultural land preservation.
The remaining $2 million may be used for school construction, public safety, transportation and debt reduction.
The law allows the commissioners to charge a transfer tax on real estate transactions of up to .5 percent. An excise tax would be limited to $1 per square foot on new construction.