Prince George’s County, MD Rescinds Previous Action On Assessed Values of Homes

Whoa!  Not so fast.  At least, that seems to be the reaction of the Prince George’s County, MD Government regarding their previous action on assessed value of property in the County.  If you read my previous post, you’ll know that were not going to take into account the sales price of homes sold for 50% or less of the assessed value.

Now, they are saying, “We take it back. Never mind.”

Here is the text of the announcement from the County:

Released by Prince George’s County……
PROOF OF SALES PRICE
Please disregard the “Proof of Sales Price” email communication sent to you at 4:30 PM on Friday, January 11th from the Treasury Division of the Office of Finance for Prince George’s County, Maryland. It was intended to address recent activity observed by Treasury staff involving real estate transactions with sales prices substantially lower than the State’s assessment valuation. A modified policy statement will be released by the end of the week.

WALK-THROUGH DOCUMENTS
Monday, January 21, 2013 is a County holiday. Beginning Tuesday, January 22, 2013, the Office of Finance will be temporarily suspending all “walk-through” document processing. Treasury Division staff will be addressing a significant work backlog that is unrelated to the proof of sales price issue above. We apologize for this inconvenience.

Documents presented to the County for review and taxation may be dropped off on weekdays at our cashiering window from 8:00 AM to 4:00 PM. We will make every effort to process these documents within 72 business hours. You will receive an email notice when the Treasury Division review is complete.

We appreciate your patience and cooperation. Please direct any questions to either Karen Long or Rita Spach at
(301) 952-4030.

Linda Allen

Linda Vaughn Allen
Chief of Treasury
Prince George’s County Government
14741 Governor Oden Bowie Drive Suite 1090
Upper Marlboro, MD 20772

About Ken Montville

Ken Montville is a Realtor® and Associate Broker with RE/MAX United Real Estate in the beautiful Maryland Suburbs of Washington, DC. He has been selling nice homes since 1999. Way back in the 20th Century.

When Ken Is not doing the real estate thing he can be found all over social media in places too numerous to mention and he listens to jazz, reads a little (mostly non-fiction), hangs out with the Rotary Club of College Park, MD and can be found blogging at MDSuburbanHomes.com