The levy imposed on actual property inside Frederick Metropolis’s boundaries is decided yearly and expressed as a proportion of the assessed property worth. This cost funds important municipal companies akin to public security, infrastructure upkeep, and group applications. For instance, a fee of 1.0% utilized to a property assessed at $200,000 would end in an annual tax of $2,000.
A secure and predictable municipal income stream is essential for efficient city planning and repair supply. This income supply permits the town to spend money on infrastructure enhancements, preserve a top quality of public companies, and entice companies and residents, fostering financial progress and a fascinating group. The speed is topic to vary primarily based on budgetary wants and reassessments, reflecting the evolving calls for of the municipality. Historic information on these changes gives invaluable insights into the town’s monetary priorities and long-term planning methods.