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Montgomery
County, Maryland 2005 to 2006 Property Tax Analysis and Projection Spreadsheet created by
Louis Wilen, wilen@cavtel.net
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Spreadsheet Version 3.15.1
- March 15, 2006
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Property Address (optional)
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Obtain these values from the SDAT online
information for your property at: http://www.dat.state.md.us(Select Real Property Data Search)
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Total base value (from "Base Value" column)
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<--
From SDAT
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Assessment
Cycle Year (2004, 2005, or 2006, from "Value As Of" column)
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<--
From SDAT
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Total Value As Of 01/01 in Cycle Year (From "Value As Of"
column)
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<-- From SDAT
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Phase-in yearly adjustment
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Phase-in
values as of 07/01/05 and 07/01/06 (should match SDAT data sheet)
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County
and State homestead taxable value for 2005 and 2006 (10% cap)
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Municipal
homestead taxable value for 2005 and 2006 (% cap varies depending on
municipality)
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Obtain these values from your 2005 County Tax Bill. These are not taxes, but are additional fees included on your
tax bill that usually remain constant each year, but occasionally change.
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Anticipated 2006 Value (typically same as 2005)
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WATER QUAL PROTECT CHG
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SOLID WASTE CHARGE
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WSSC CONNECTION FEE CHG
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WSSC FRONT FOOT BENEFIT CHG
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OTHER CHARGE
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OTHER
CHARGE
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TOTAL FEES
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Principal Residence in 2005?
(Y or N)
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<--From tax bill
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CLASS (in box on left or top
edge of tax bill)
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<--From tax bill
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Assessment
Homestead Credit (must be zero or negative)
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<--From tax bill
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2005
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2006
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County Tax without homestead
credit
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County Homestead Credit
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County Tax with homestead
credit
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State Tax without homestead
credit
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State Homestead Credit
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State Tax with homestead
credit
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Special Area Tax without
homestead credit
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Special Area Homestead Credit
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Special Area Tax with
homestead credit
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Municipal Tax without
homestead credit
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Municipal Homestead
cap (varies depending upon municipality) --->
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Municipal Homestead Credit
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Municipal Tax with homestead
credit
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County
Property Tax Credit ("Fixed" credit)
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Total Tax without Credits
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Total Credits
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TOTAL
TAX
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TOTAL
AMOUNT OF TAX BILL (TOTAL TAX + TOTAL FEES)
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Anticipated Principal
Residence in 2006 (Y or N)
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<-- Adjust to see
effect
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Anticipated
"Fixed" County Property Tax Credit for 2006 (Enter as a negative
number)
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<-- Adjust to see
effect
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County
property tax rate
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0.679
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<-- Adjust to see
effect
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<-- Tip:
Enter the proposed rate of .584 for 2006 to see how your county taxes are
affected.
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State
property tax rate
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0.132
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<-- Adjust to see
effect
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Special
area property tax rate
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<-- Adjust to see
effect
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Municipal area property tax
rate
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<-- Adjust to see
effect
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Total
Tax Rate
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Based on the rates, charges, and credits above,
your 2006 property tax bill will change as shown below.
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Projected increase in tax
from 2005 to 2006
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Projected increase in total
bill from 2005 to 2006
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Projected
increase in monthly mortgage payment (for properties where a mortgage company
maintains a tax escrow account)
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NOTE:
Calculated values may not match tax bill due to rounding, but will normally
be within about 2 cents of tax bill values.
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