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By: Anirban Basu Sage Policy Group, Inc. October 29, 2013

The Role of Real Estate in Charles County’s Economy. On Behalf of The Southern Maryland Association of REALTORS ®. By: Anirban Basu Sage Policy Group, Inc. October 29, 2013. Real Estate is a Big Deal.

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By: Anirban Basu Sage Policy Group, Inc. October 29, 2013

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  1. The Role of Real Estate in Charles County’s Economy On Behalf of The Southern Maryland Association of REALTORS® By: AnirbanBasu Sage Policy Group, Inc. October 29, 2013
  2. Real Estate is a Big Deal Sage measured the economic contributions of real estate/construction in Charles County, but some impacts defy measurement; The County very much seeks to become a center of technology; That implicates real estate and construction directly, but also indirectly as the community strives to create a sense of place to retail and attract young knowledge workers.
  3. Charles County Real Estate Industry Economic Impacts2012 Source: Sage Policy Group, Inc., IMPLAN *Real estate includes Sage’s estimates of self-employed workers and their earnings
  4. Charles County Real Estate Industry Economic Impacts2012 Source: Sage Policy Group, Inc., IMPLAN *Real estate includes Sage’s estimates of self-employed workers and their earnings
  5. Share of Total Wages in Charles County2005-2012 Source: U.S Department of Labor, Bureau of Labor Statistics
  6. Charles County Assessable Base 2006-2012 Source: Maryland Department of Assessment and Taxation, Sage
  7. Unit Sales in Charles County2002-2012 Source: Maryland Association of REALTORS®
  8. Median Sales Price in Charles County2002-2012 Source: Maryland Association of REALTORS®
  9. Unit Sales in Charles County2002-2012 Source: Maryland Association of REALTORS®
  10. Charles County General Fund Local Tax RevenueFY2011-2013, dollar figures in $millions Source: Department of Legislative Services, County Budgets, Sage
  11. County Government Property Taxes as Percent of TotalFY2013 Source: Department of Legislative Services, County Budgets, Sage
  12. Property Values and Real Estate Taxes 2010 Source: Tax Foundation
  13. Charles County Excise Tax RevenuesFY2004-2013 Source: Charles County Budget Books, Department of Legislative Services, Southern Maryland Newspapers Online: National Center for Smart Growth Research & Education
  14. Charles County School Construction Excise Tax Rates FY2004-2014 Source: Charles County Budget Books, Department of Legislative Services, Southern Maryland Newspapers Online: National Center for Smart Growth Research & Education
  15. In Summation A healthy Charles County real estate/construction marketplace translates into fiscal strength; The county is competitive in terms of taxation on existing property, but hits new construction hard and has done so even during some challenging times for the industry; The industry’s capacity must be harnessed to create more contemporary and attractive environments that are amenable to the sensibilities of young knowledge workers.
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