Search
 

Uh Oh Montgomery County. Workers' Local Tax Burdens Matter to Companies

ROCKVILLE, MD--Talent availability now tops commercial real estate and tax costs as a key decision driver for companies' location strategies, according to CBRE.

By Erika Morphy | erikamorphy | | Updated on June 20, 2016
Revathi Greenwood Revathi Greenwood

ROCKVILLE, MD–The Montgomery County Council  has just approved a recordation tax that is the highest level of funding ever provided by the council, according to a column written by real estate attorney Harvey S. Jacobs.

The tax, which will generate $383 million, will finance school construction, affordable housing and a county administration building renovation,  but it is $234 million more than the County Executive Ike Leggett requested in his budget and more than the Board of Education requested, according to Jacobs.

It is also another indicator that Montgomery County is an expensive place to live — even though property values are higher, generally speaking, in the District.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.