The levy imposed on real estate within Frederick City’s boundaries is determined annually and expressed as a percentage of the assessed property value. This charge funds essential municipal services such as public safety, infrastructure maintenance, and community programs. For example, a rate of 1.0% applied to a property assessed at $200,000 would result in an annual tax of $2,000.
A stable and predictable municipal revenue stream is crucial for effective urban planning and service delivery. This revenue source allows the city to invest in infrastructure improvements, maintain a high quality of public services, and attract businesses and residents, fostering economic growth and a desirable community. The rate is subject to change based on budgetary needs and reassessments, reflecting the evolving demands of the municipality. Historical data on these adjustments offers valuable insights into the city’s financial priorities and long-term planning strategies.