Bill 24-07 would require that a home seller disclose the property taxes that a buyer would have to pay in the first year after a buyer purchases the home. Montgomery County Council’s staff has provided the following information to assist you in this process: Click here for information about Bill 24-07, including how to make the required calculations. Click here for a spreadsheet to use to make the required calculations. Click here to send comments or questions, which will be forwarded to Montgomery County Council staff.

Real Estate Disclosure

Below are two items that you should find helpful for disclosing property tax information on your sellers’ disclosure forms.

The first item is a link to the property tax information and payment page—this page will allow you to view and print your clients’ property tax bills. Go to: https://www.montgomerycountymd.gov/apps/tax/index.asp.

Click here to access the property tax rate schedule for the current year. It is an Adobe Acrobat (pdf) file, so you will need Acrobat or the Acrobat reader, which you can download at www.adobe.com. If you use the link to the tax information page you should be able to find the tax class listed on the left of the information for the specific property (it’ll say something like “R042”). Take the tax class number and match it with the tax classes on the rate schedule—read across the tax class you need to see if the property is in a development district (only classes 61 and 64 are), a municipality or special taxing district (see the “Municipal District Tax” column—if there’s a number in it, then the property is in either a municipality or a special taxing district), or a special service area tax district (all properties in Montgomery are in the Transit, Fire, and Advance Land Acquisition districts, but you may need to know which of the others are also applicable-this will be obvious when you look at the rate schedule).

Please note that all of the Road Club Assessments (Transportation Related Facilities on the REA form) have all expired and are no longer applicable.

We trust that you will find this information useful—you should be able to disclose all of the property taxes for any property in Montgomery by using this information.

Montgomery County Department of Finance

November 2007