[RP TownTalk] State of Maryland Property Tax Assessment

[James D. Holmes]

The State of Maryland Property Tax Assessment Notices were recently 
mailed.  There was over a 25% reduction in property values from the 2012 
State Assessment.  This is the second time property vales have been 
reduced due to the economy.  The first reduction occurred in the 2010 
State Assessment.  Since 2010, there has been approximately a 45% 
reduction in property values.  The decline in property values 
drastically affects property tax revenue that is collected by the Town 
of Riverdale Park.

With the additional decline in tax revenues for the next three years, 
how does the Mayor and Council purpose to pay for the Youth and 
Community Wing project and the purchase of real estate for $525,000 
(abandoned gas station on Route 1).  Furthermore, there is a pending 
$5,000,000 lawsuit against the Town.

The Mayor and Council need to re-evaluate these gigantic projects to 
ensure that the Town of Riverdale Park property tax rates are not 
increased to fund these unnecessary expenses.


J. Holmes
Taylor Road



Lawsuit Original Complaint
_http://ww2.gazette.net/links/files/Originalcomplaint.pdf __
_
Lawsuit Amended Complaint
_http://ww2.gazette.net/links/files/ComplaintAmended20121012tpl.pdf __
_



TOWN OF RIVERDALE PARK FAIR SUMMARY OF ORDINANCE 2012-OR-12
This is to give notice that the Riverdale Park Town Council has 
introduced and intends to take action on Ordinance 2012-OR-12.

Ordinance 2012-OR-12 would amend the Capital Improvement Program (CIP) 
Budget for the Town of Riverdale Park for the fiscal year beginning July 
1, 2012, and ending June 30, 2013. This amendment would add to the FY 
2013 CIP a new appropriation in the amount of $525,000 for the purchase 
of real estate, to be funded from the sale of bonds.

Ordinance 2012-OR-12 is available for inspection by the public at Town 
Hall during normal business hours, 8:30 a.m. to 4:30 p.m., Monday 
through Friday.



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