Homestead Property Tax Credit
The Homestead Property Tax Credit was designed to limit the amount of the annual increase in taxable assessments for eligible owner occupied properties. The program protects homeowners from increases in taxable assessment above the level established by local law, in Baltimore City the annual cap is 4%. The credit is applied against the taxes due on the portion of the reassessment exceeding the 4% homestead cap. The credit is applied directly to the property owner’s tax bill.
PROGRAM BENEFIT
This program reduces your property taxes.
ELIGIBILITY & LIMITATIONS
- No household income restriction
- You must live in this home as your primary residence.
- You must apply one time.
- New owners will be mailed an application after the property is transferred; the property owner must file the application within 180 days following the date the dwelling is transferred to them
ADDITIONAL REFERENCES & RESOURCES
PROGRAM CONTACT
Maryland State Department of Assessments & Taxation
(410) 767-2165
Email
Website
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