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Form 8822-B for Montgomery Maryland: What You Should Know

County Executive makes final financial decisions and decisions on property tax rate requests.  What happens under the Budget Process? The Executive Director develops budget proposals; the Council authorizes expenditures and sets property tax rates. Who is responsible for the budget process? Councils and the Councilors at their local level, and the County Executive are all responsible for the budget process. Why the County is involved in the budget process? The County Executive may request that Council approves proposed fiscal years and funding level; and may also request funds for specific purposes that are outside the annual budget process. What's the county's overall funding? The following information is from the Council's Annual Report for fiscal years 2025 through 2018: FY 2025 Budget request (budget) = 2,079.33 FY 2025 Budget request (budget) = 1,894.50  FY 2025 Budget request (budget) = 2,924.66 FY 2025 Budget request (budget) = 2,928.33 FY 2025 Budget request (budget) = 2,915.67 FY 2025 Budget request (budget) = 2,916.63 FY 2025 Budget request (budget) = 2,822.17 FY 2025 Budget request (budget) = 2,841.75 FY 2025 Budget request (budget) = 2,841.25 FY 2025 Budget request (budget) = 2,841.25  FY 2025 Budget request (budget) = 2,859.00 FY 2025 Budget request (budget) = 2,859.50 FY 2025 Budget request (budget) = 2,847.25 FY 2025 Budget request (budget) = 2,847.00 FY 2025 Budget request (budget) = 2,846.00 FY 2025 Budget request (budget) = 2,849.00 FY 2025 Budget request (budget) = 2,847.50 FY 2025 Budget request (budget) = 2,846.00  FY 2025 Budget request (budget) = 2,847.00 FY 1999 Budget request (budget) = 2,847.00 FY 1998 Budget request (budget) = 2,851.50 What are property taxes? Property taxes are levied to fund local governments, and are based upon the value of the real property they contain.

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