County Executive Steve Schuh Highlights 3% Property Tax Cut with Brooklyn Park Small Business Owner
Brooklyn Park, MD (May 13, 2015) – County Executive Steve Schuh today sat down with a Brooklyn Park small business to discuss his $19 million, three percent property tax cut.
“This proposed tax reduction will put more money in the pockets of our citizens,” said Schuh. “More importantly, it sends a strong message to the people of Anne Arundel County that the days of ever increasing taxes and fees are over.”
Sitting around a table in Brooklyn Park’s Terry’s Place restaurant, the County Executive outlined the impact his budget brings in much needed tax relief to our citizens, especially small businesses trying to make a payroll. For a property assessed at a value of $350,000, taxpayers would see savings of approximately $1,000 over the next ten years.
Terry’s Place is a well-known Brooklyn Park tavern and restaurant. Owned and operated by the Tragas Family for more than twenty years, the family restaurant offers home-cooked meals in a dining room setting right off Ritchie Highway.
Property taxes are a major contributor to the increasing burden of government on taxpayers. Despite the property tax revenue cap, property tax bills have increased at an average annual rate of 4 percent over the last 10 years.
The County Executive’s tax reduction plan is subject to approval by the County Council.