Modern Realty Assessor Faces Tough Job In Maryland
Maryland readers learn how Baltimore County uses a three factor formula size class and depreciation to set property values. Supervisor Howard Burkhardt discusses annual reassessments, appeals, and the public access of assessment cards while detailing example figures from a brick and frame bungalow and the mix of brick and frame cubic footage used to compute the basic assessment before depreciation and adjustments.
MENTIONED IN THIS ARTICLE
Lou Fanos
Baltimore
Baltimore County
Howard EF. Burkhardt
Maryland
Burkhardt
Tax Commission
Assessment figures for a 65 by 110 foot lot on irregular frontage
The calculation starts with a base of $11,758 for a home with asphalt shingles and seven years depreciation of $809, yielding $10,750. The irregular lot measures 65 by 110 feet versus the standard 50 by 100. Frontage value on this street is $20 per front foot or $1,000 for the standard lot, with an excess frontage at $12 per extra foot, adding $180 to a total front footage assessment of $1,180. A 10 percent depth allowance of $118 was applied due to below standard depth.
Assessments and Appeals Across Baltimore County Homes
Burkhardt and George Bandiere discuss rising county assessments with 60 percent of market value cited as typical. About seven percent of property owners file Sled appeals, but only half proceed to hearings as assessors review formulas and may adjust figures after discussions. Incidents of mismeasurement lower assessments occur but are rare. Tomorrow: Assessments and schools.
MENTIONED IN THIS ARTICLE
Burkhardt
Baltimore County
George Bandiere
County Tax Appeals Court
Bandiere
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