City Council Plans to Not Change Tax Rate

The Hyattsville City Council is not planning to raise the city’s real property tax rate for fiscal year 2012.

It’s also considering not lowering it.

The current tax rate is 63 cents per 100 of assessed value. The constant yield tax rate is 62.5 cents per 100 of assessed value.

According to state law, when the tax rate is planned to be set above the constant yield rate, there must be a public hearing.

The council likely will adopt a tax rate of 63 cents per 100 of assessed value for fiscal year 2012, Mayor William Gardiner said.

The current revenue from the assessable tax base is just less than $1.8 million, Gardiner said. That amount is projected to increase by .9 percent to $1.81 million. That’s a difference of $96,201.

For the coming fiscal year, the hearing was held last night. Only one resident spoke to the council during the hearing.

David Marshall, a resident who attends nearly all of the council meetings, said the citizens of the city could use a break, but that keeping a city functioning could be difficult with less revenue.

The City Council will discuss and adopt a tax rate for the coming fiscal year, Gardiner said.