Thurmont lowers tax rate, raises water and sewer rates in FY25 budget

Thurmont’s Board of Commissioners has cut the town’s property tax rate as part of a budget for the next fiscal year. The new rate is 29.87 cents per $100 of assessed valuation, down from 32.06 cents per $100, which was approved for fiscal year 2024. The budget that will go into effect on July 1 has about $4.7 million in expenses in the town’s general fund, up from about $4.3 million in the current operating budget.