Office of Finance
ONLINE PAYMENTS
Steven Repole Director of Finance 100 Railroad Avenue PO Box 157 Elkton, MD  21922-0157 Tel: (410) 398-4170 Fax: (410) 398-7112 EMAIL
Hours of Operation: Monday - Friday 8:00AM - 4:30PM

Office of Finance

The Finance Department is responsible for all the financial activities of the Town of Elkton. Daily responsibilities include the collection of all Town revenue, disbursement of funds, investment of funds, financial reporting, maintenance of bank accounts, maintenance of general ledger accounts, accounts receivable, payroll processing, and administration and preparation of annual budget.

The major revenue resource for the Town is the annual real estate tax billing which generates approximately 45 % of the general fund revenue collected. Other revenue sources include business taxes, county and state allocations, parking meter and parking ticket revenue, building permits, water and sewer fees and special assessments for hook up to water and sewer systems.

In a 12 month period, the Department will:

   1. Process approximately 2,300 accounts payable checks.
   2. Process over 600 property transfers.
   3. Generate over 24,000 water and sewer bills.
   4. Process 1,500 purchase orders.
   5. Process over 2,600 payroll checks.
   6. Prepare and administer an annual budget exceeding $17,000,000.00.

Fiscal Year 2012 Budget

Fiscal Year 2011 Budget

2011 Comprehensive Annual Financial Report - part 1
2011 Comprehensive Annual Financial Report - part 2

Current Rate information

Real Property Tax Rate: $.4656/ $100 of assessment as of July 1, 2011

Personal Property Tax Rate: $1.11/$100 of assessment

The above tax rates are set during the annual fiscal year budget process and are advertised according to law before adoption.

Elkton Meter Rates per Quarter

(effective December 27, 2011)