Pocomoke City, Maryland

"The friendliest town on the Eastern Shore"

NOTICE OF PUBLIC HEARING. THURSDAY, MAY 28, 2020, 6:00PM-PROPOSED NONOWNER-OCCUPIED REAL PROPERTY TAX INCREASE, Posted 5/18/2020, Updated 5/27/2020

6:00 P.M., on May 28, 2O2O Facebook Livestream for Pocomoke City

The Mayor and City Council of Pocomoke City proposes to increase nonowner-occupied real property taxes.

1. For the tax year beginning July 1, 2020, the estimated real property assessable base will increase by 1.53o/o, from $97,007,546 to $98,490,480.

2. lf Pocomoke City maintains the current tax rate of $0.9375 per $100 of assessment, real property tax revenues will increase by 1 .53% resulting in $13,903 of new real property tax revenues.

3. ln order to fully offset the effect of increasing assessments, the real property tax rate should be reduced to $0.9234, the constant yield tax rate.

4. The City is considering not reducing its real property tax rate enough to fully offset increasing assessments. The City proposes to adopt a real property tax rate of $0.9375 per $100 of assessment. This tax rate is 1 .53% higher than the constant yield tax rate and will generate $13,903 in additional property tax revenues. A public hearing on the proposed real property tax rate increase will be held at 6:00 P.M., on May 28, 2O2O at the Pocomoke City Hall, 101 Clarke Avenue, Mayor and Council Chambers, Pocomoke City, Maryland 21851. Due to the COVID-19 pandemic, and in lieu of public appearance, the meeting will be held remotely via video teleconference. if you would like to speak at this public hearing you must access Pocomoke City's Live Broadcast on Facebook. The hearing is open to the public and public testimony is encouraged. Participants who join the video/audio conference will be able to speak by the meeting chair. Speakers will be allowed to address the Mayor and City Council for up to two (2) minutes. Public Comment may also be submitted in advance by email at janet@pocomokemd.gov or in writing received in writing on or before 4:00 P.M. Eastern Standard Time at 6:00 P.M. on May 28, 2020 via Zoom/Facebook Livestream. All commenters must identify themselves by their full name and address to be included in the public record. Written comments received by the deadline will be read by Pocomoke City staff during the public comment portion of the meeting. Persons with questions or wanting additional information regarding this hearing may call (410) 957-1333.

The Mayor & City Council is inviting you to a scheduled Zoom meeting.

Topic: Nonowner Occupied Property Tax Rate Hearing 
Time: May 28, 2020 06:00 PM Eastern Time (US and Canada)

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Meeting ID: 870 6445 2428
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