TOWN OF BOONSBORO NOTICE REAL PROPERTY TAX INCREASE  OF A PROPOSED  The Mayor and Council of the Town of Boonsboro proposes to increase real property taxes. 1. For the tax year beginning. July 1, 2023, the estimated real property assessable base will 2.Ifthe Town of Boonsboro maintains the current tax rate of $0.3591 per $100 of assessment, real property tax revenues will increase by 4.72% resulting in $ 59,922 of new real property tax 3. In order to fully offset the effect ofi increasing assessments, the real property tax rate should 4. The Town of Boonsboro is considering not reducing its real property tax rate enough to fully offset increasing assessments. The town proposes to adopt a real property tax rate of $0.3591 per $100 of assessment. This tax rate is 4.72% higher than the constant yield tax rate and will A public hearing on the proposed real property tax increase will be held at Time pm on Day, Month Day, Vear, at the Charles F. 'Skip' Kauffman Building, 19 North Main Street, Boonsboro, The hearing is open to the public and public testimony is encouraged. Speakers will be allowed to address the Council for three (3) minutes. Public Comment may also be submitted by 5:00 pm on Day, Month Day via email to: micemanageretownofponsboro.com. Comments received will be read by town staff during the public comments portion of the meeting. Persons with questions regarding this hearing may call 301-432-5141 for further  increase by 4.72%, from $ 353,658,474 to $370,345,160.  revenues.  be reduced to $0.3429, the constant yield tax rate.  generate $ 59,992 in additional property tax revenues.  Maryland. (Town Hall Annex)  information or email ficemanager@townolboonsboro.com:    State of Maryland  Department of Assessments and Taxation  February 14, 2023  2023 Constant Yield Tax Rate Certification  Taxing authority: Boonsboro  inV Washington County  13 1-Jul-2022 Gross assessable real property base $  360,001,800 6,343,326 353,658,474 0.3591 1,269,988 381,210,745 249,870 0  2 1-Jul-2022 Homestead Tax Credit 3 1-Jul-2022 Net assessable real property base 4 1-Jul-2022 Actual local tax rate (per $100) 5 1-Jul-2022 Potential revenue  X $ $  3 1-Jul-2023 Estimated assessable base 71 1-Jan-2023 Half year new construction 8 1-Jul-2023 Estimated full year new construction* 9 1-JuI-2023 Estimated abatements and deletions** 10 1-Jul-2023 Net assessable real property base  10,615,715 370,345,160 1,269,988 370,345,160  $ $ + $  11 1-Jul-2022 Potential revenue  12 1-Jul-2023 Net assessable real property base 13 1-Jul-2023 Constant yield tax rate  0.3429  Certified by  *Includes one-quarter year new construction where applicable. **Actual + estimated as of. July 1, 2023, including Homestead Tax Credit.  Director  Form CYTR#1