Maryland Homestead Tax Credit

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!


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.

Don’t lose this savings!

DECEMBER 31, 2012 is the deadline for filing your Application for Homestead Tax Credit. It does not matter whether you have owned your house one year or twenty years or if you are already receiving the credit. An application must be filed by the end of the calendar year. If your application is already on file and approved, you DO NOT need to reapply.

How do I know if I need to apply?

It only takes a minute to check to see if you have filed and if you are approved. Follow these steps:

Click on this link: Then Select your County

Enter your street number and street name-do not include Street, Court, Drive, etc.

Look at the bottom of the page and see if your Homestead application was filed-iIf it was filed, the entry will show the date your application was approved.

IF IT SAYS “NO APPLICATION” click on this link for the application:

Also, even after you have filed and been approved, you may not receive a credit on your tax bill. The credits only appear when the assessed value of the property has increased over the allowable limits each year. With declining assessment values, you may not actually receive a dollar credit each year.

To learn more about the Homestead tax credit, click this link

or reply to this email with your questions!

Please be sure to share this information with your friends and family members that own a primary residence in Maryland!!