City of Annapolis
Real Property Tax Revenue Increase FY2018 – FY2026
Eight Year Increase
FY2018 Real Property Assessment $6,478,005,607
FY2026 Real Property Assessment $8,711,919,909
Increase 34.5%
FY2018 Real Property Tax Rate FY2026 Real Property Tax Rate Increase 13.7%
$0.649/$100
$0.738/$100
Real Property Tax Revenue Increase
(1.345) * (1.137) = 1.529
Increase 52.9%
FY2018 Real Property Tax Revenue
($6,478,005,607) * ($0.649/$100) = $42,042,256.40
FY2026 Real Property Tax Revenue
($8,711,919,909) * ($0.738/100) = $64,293,968.90
Real Property Revenue Increase $22,251,712.50
Increase ($22,251,712,.50)/$42,042,256.40) = 52.9%
Source: State Department of Assessments & Taxation: Constant Yield Tax Rate Reports, for FY2018 & FY2026
SDAT-Constant-Yield-Reports-FY2018-FY2026
