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Panel votes to hold line on Md. state property tax rate

April 21, 2010

ANNAPOLIS (AP) -- Marylanders will pay the same state property tax rate in the coming fiscal year as they have for the past four years.

The state's three member Board of Public Works voted unanimously Wednesday to hold the line on state property taxes. Property owners will pay 11.2 cents in state property taxes per $100 of the full assessed property value. Public utilities will pay 28 cents in state property tax per $100 of assessed value.

Individual counties set their own, separate property tax rates.

Treasurer Nancy Kopp, Comptroller Peter Franchot and Gov. Martin O'Malley hold seats on the board. O'Malley noted the board has only voted to raise the rate once in the past 30 years. That occurred in 2003, under the administration of former Republican Gov. Bob Ehrlich, his likely challenger in this year's election.

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