Property taxes are likely to increase in Montgomery County next year. The County Commissioners have approved advertisement of a preliminary budget that includes an 11.3 percent increase.
The additional revenue would be earmarked for Montgomery County Community College. The County already allocates funding for the college on an annual basis but the property tax increase would be a dedicated source of revenue. County Chief Financial Officer Dean Dortone says doing it that way creates some play within the general fund budget.
“There will be some additional funding that will be available for general fund operations. I have mentioned that just our normal operations have cost drivers. They are in the range that you would expect, where a county of our size and others in this region are experiencing the same thing, debt service, personnel costs and things like that.”
The proposed property tax increase would cost the average homeowner about 66-dollars.