Property Values Continue to Decrease in Maryland - WMDT 47 News - Delmarva's Choice

Property Values Continue to Decrease in Maryland

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WICOMICO Co., Md. - Property values keep going down in Maryland.

According to Southern Maryland News, every county in the state except Montgomery and Howard saw them drop in 2012, with Wicomico County seeing the largest percentage decrease.

Properties assessed at lower values means less money coming in from property taxes. So how does this impact our local government?

"We have to be very careful with how we organize our budget and make sure we do cover our core services such as public education, public safety, infrastructure, and maybe let some other things wait a little bit longer while we stabilize," County Executive Rick Pollitt said.

Pollitt says he's hopeful the county will recover soon.

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