by Scott C. Wallace, Casey L. Cirner on May 23, 2023
The Montgomery County Department of Finance published the required biennial update of its development impact taxes for transportation and public school improvements May 1. These taxes must be paid prior to the issuance of building permit(s) for a project.
Absent County Council action to the contrary, effective July 1, all transportation impact tax rates will increase by 9.47%. This increase represents the change in the Engineering-News Record's Baltimore Construction Cost Index for calendar years 2021 and 2022. Meanwhile, most school impact
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