Wednesday, April 2, 2008

Property tax disclosure law begins

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Prospective homebuyers in Montgomery County will start seeing much more accurate information about property taxes on certain advertising and informational fliers starting this week.

The county’s Department of Technology Services and its Office of Consumer Protection worked jointly to develop an easy-to-use ‘‘calculator” that home sellers, potential buyers or Realtors can use to determine the approximate property tax and other non-tax charges that a new homeowner would pay on a property.

The calculator is accessible through the county Web site at www.montgomerycountymd.gov⁄estimatedtax. By simply entering the address of a residence, the approximate tax and non-tax obligation of a potential new homeowner will be available within seconds.