Notice of a Proposed Real Property Tax Increase (Constant Yield Advertisement)

The following draft advertisement is submitted for your consideration of a proposed Real Property Tax
Increase (Constant Yield Advertisement). The State Department of Assessments and Taxation has been sent this
draft to approve for the required advertisement with a tax increase that would retain the current real property tax
rate, which is greater than the constant yield rate. The language for the constant yield advertisement is
established by State Code (Tax-Property Article, § 6-308) and must appear in the newspapers as written. The
Constant Yield Tax Rate notice gives property owners’ the opportunity to be heard on the issue of real property
tax rates before they are final.