The levy imposed on actual property inside Frederick Metropolis’s boundaries is set yearly and expressed as a share of the assessed property worth. This cost funds important municipal companies reminiscent of public security, infrastructure upkeep, and group packages. 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 steady and predictable municipal income stream is essential for efficient city planning and repair supply. This income supply permits town to put money into infrastructure enhancements, preserve a top quality of public companies, and appeal to companies and residents, fostering financial progress and a fascinating group. The speed is topic to vary based mostly on budgetary wants and reassessments, reflecting the evolving calls for of the municipality. Historic knowledge on these changes gives worthwhile insights into town’s monetary priorities and long-term planning methods.