Maryland Homeowners’ Property Tax Credit

The Maryland Homeowners’ Property Tax Credit sets a limit on the amount of property taxes any homeowner must pay based on income. The tax credit is based on the amount by which the property taxes exceed a percentage of your income. Homeowners who file and qualify by April 15 will receive the credit directly on their tax bill. Homeowners who file later, up until the October 1 deadline, will receive any credit due in the form of a revised tax bill. A refund will be issued if the bill has already been paid.

PROGRAM BENEFIT

This program reduces your property taxes.

ELIGIBILITY & LIMITATIONS

• You must apply each year for this tax credit.
• You must live in this home as your primary residence.
• Combined gross household income cannot exceed $60,000.
• Net worth, excluding the value of the property for which the credit application is being made or any qualified retirement savings or Individual Retirement Accounts, must be less than $200,000.
• Qualified home purchasers should apply in advance before acquiring title to the property to help reduce the funds needed at settlement. You must apply at least 30 days before your expected settlement date to receive any credit due at the time of closing.

ADDITIONAL REFERENCES & RESOURCES

Program Terms & Conditions
Online Application

PROGRAM CONTACT

Maryland State Department of Assessments & Taxation
(410) 767-4433
Email
Website

DISCLAIMER: The terms of this tax credit is subject to change. Please visit the Maryland OneStop site for additional information.