It's hard to believe that, according to MRIS MLS for Caroline County, Maryland, only 15 unimproved properties sold during the entire year of 2011. I was seaching the mls for sold building lots to use as comparables for a potential listing. When I searched the range of .1 to 2.0 acres I found that there were no (0) sales for the entire year. The land/farm listings which did sell, all 15 of them, ranged from 2.248 acres to 259 Acres. Very sobering data and another reflection of the lack of new home construction in this area.
The Governor is including this in the Budget Reconciliation and Financing Act, which means that there will be no hearing or testimony on this specific provision.
·The proposal to reduce deductions for Maryland taxpayers will disproportionately burden Maryland homeowners.
·The two most important deductions for Maryland homeowners are the mortgage interest deduction and state and local property tax deduction.
·Over 50% of Maryland taxpayers itemize, the highest proportion in the country.
·Maryland has the highest percentage of taxpayers, almost 38%, claiming the mortgage interest deduction.
·The mortgage interest deduction and real estate taxes account for almost 70% of total deductions for Maryland taxpayers.
·In 2008, almost 1.1 million Maryland taxpayers claimed the mortgage interest deduction.
·That same year, over 1.1 million Maryland taxpayers deducted property taxes.
·Real estate accounts for over 20% of Maryland’s gross state product.
·Housing and real estate are one of the most heavily taxed sectors of the economy, and Maryland has one of the most aggressive real estate tax structures in the country.
·Maryland property owners already carry a significant tax burden, contributing the majority of revenue to local jurisdictions as well as 4.6% of state tax revenues. The average percentage of state tax revenue from real estate nationally is only 1.8%.
* Data provided by the Coastal Association of Realtors.
<!-- end sanitized html -->
To all my military brothers and sisters of the past and to those who still carry the torch . . . where ever you may be . . . this day's for you! Happy Veteran's Day.
The Court Appointed Special Advocate program (CASA) is an organization which supports children who are in foster care. This coming Friday, September 30th, from 10:30 AM to 2:00 PM, the Caroline County CASA organization is having a fund raiser at the Food Lion Parking Lot on 5th Street, in Denton, Maryland 21629. They are offering Beef and Pork sandwiches with a roll, chips, and a drink for $8.00. Proceeds will support the Caroline County CASA program. If you call in your order (or email it) by Wednesday, September 28th, your order will be ready and waiting for you to pick up. Call (410) 479-8301 or email carolinecasa@verizon.net to place an order or to get more information about the CASA program.
It's time again for Caroline County's annual Summerfest. It's held on Market Street in downtown Denton, Maryland. This year, it starts on Friday, August 19 (5 PM to 10 PM) and runs through Saturday, August 20 (12 PM to 9 PM). The rain date for Saturday's activities will be Sunday, August 21st. For a list of events and times go to http://www.carolinesummerfest.com
 |
|
|
Specializing in Farms land and Home sales in Caroline, Cecil, Dorchester, Kent, Queen Anne's, Sussex, Talbot, Wicomico, and Worcester County Maryland and Delaware.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2012 ActiveRain Corp. All Rights Reserved
