Make Sure You Reapply! Maryland Homestead Credit
Expires December 31, 2012
If you own a property in Maryland that is your primary residence (you have lived in it for at least 6 months) then make sure you read this!
DON’T LOSE YOUR HOMESTEAD TAX CREDIT – ACT NOW!!
What is the Homestead Credit?
The homestead credit limits the amount of assessment increase on which a homeowner will pay property taxes in that tax year on the one property actually used as the owner’s principal residence. Legislation enacted by the 2007 session of the General Assembly requires homeowners to submit a one-time application in order to continue their eligibility for the homestead tax credit. See Section 9-105 Tax-Property Article of the Maryland Annotated Code. read more