Tag: Montgomery County

Property tax assessments in Maryland

One of the most frequent requests at closing is how often does the state of Maryland assess property values for tax purposes.  In Maryland, properties are reassessed every three years.  The state of Maryland provides a detailed...

Continue reading

Transfer taxes, real property taxes… Explained

"In this world nothing can be said to be certain, except death and taxes," Ben Franklin once famously said. Yet when it comes to taxes on real property – especially for first-time homebuyers – we find much uncertainty and confusion exists....

Continue reading

Maximum VA loan county limits for 2011 released

The Department of Veterans Affairs Loan Guaranty Program recently published county "limits" to be used for VA Loans closing between January 1, 2011 through September 30, 2011. The limits for Fiscal Year 2012 have not yet been released. Please...

Continue reading