The Town Council of the Town of Indian Head proposes to increase real property taxes.

1. For the tax year beginning July 1, 2023, the estimated real property assessable base will increase by 9.2%, from $328,776,981 to $359,027,860.

2. If Town of Indian Head maintains the current tax rate of $0.30 per $100 of assessment, real property tax revenues will increase by 9.2% resulting in $90,753 of new real property tax revenues.

3. In order to fully offset the effect of increasing assessments, the real property tax rate should be reduced to $0.2747, the constant yield rate.

4. The Town is considering not reducing its real property tax rate enough to fully offset increasing assessments.  The Town proposes to adopt a real property tax rate of $0.30 per $100 of assessment.  This tax rate is 9.2% higher than the constant yield tax rate and will generate $90,753 in additional property tax revenues.

A public hearing on the proposed real property tax rate increase will be held at 6:30pm, on Thursday, April 20 on GoToMeeting. Please go to https://gotomeet.me/TOIH or dial in using 1-571-317-3122 (access code: 135-757-733)

The hearing is open to the public, and public testimony is encouraged.

If you are unable to attend the Public Hearing but you would like to submit public comment, please submit your comments by no later than Monday, April 17^th to the Town Hall, located at 4195 Indian Head Highway, Indian Head, MD, 20640 between the hours of 8:30am to 4:30pm, or submit them via email to annie@townofindianhead.org

Persons with questions regarding this hearing may call 301-743-5511 for further information.