January 1st, 2025 by WCBC Radio

According to the Maryland Department of Assessments and Taxation’s 2025 reassessment, over 700,000 “Group 1” residential and commercial properties had an overall increase in value of over 20% in the last three years. The average increase in value was 21.1% for residential properties and 16.4% for all commercial properties.  The assessments were based on an evaluation of 60,761 sales that occurred within the “Group 1” over the last three years.  96.9% saw an increase in property value.