FY 2017 Budget Highlights

TAX FLEXIBILITY LOCAL AUTHORITY Real Property Tax - $1.06 per $100 of assessed valuation in FY16 and proposed FY17 $0.01 added to the property tax rate equals approximately $2.7million Income Tax - 2.96%; the statutory limit is 3.20% FY2015 income tax rate at 3.20% would equal an additional $15.8 million in revenue Fire Tax - 0.0% Fire tax districts consolidated into the General Fund in FY14 Business Personal Property Tax - 0.00% $2.34 per $100 for one class of property only (power generating facilities) Admissions and Amusement Taxes - 0.00% Reduced to 0.00% effective 2/1/2013 Hotel/Motel Tax - 3%; the statutory limit is 5% Revenue Source for Frederick County Tourism Recordation Tax - $6.00 per $500 of consideration Provides a dedicated revenue source for General Fund and several special revenue funds 60 60

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