Tax Credit Current Home Owners Only
Tax Credit
Forgivable Second Mortgage
Maryland State Department of Assessments & Taxation
$0.00
Maryland Department of Assessment and Taxation
The Homestead Property Tax Credit was designed to limit the amount of the annual increase in taxable assessments for eligible owner-occupied properties. The Homestead Tax Credit program protects owner-occupied properties from increases in taxable assessment above the level established by local law, for example, 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.
N/A
- Property was not transferred to new ownership. - No change in the zoning classification requested by the homeowner resulting in an increased value of the property. - A substantial change did not occur in the use of the property. - The previous assessment was not clearly erroneous. - The property must be the owner’s principal residence - Homeowner must have lived in the property for at least six months of the year
Yes
Yes
Maryland Department of Assessment and Taxation
301 W. Preston St., Baltimore, MD 21201-2395
4107672165
sdat.homestead@maryland.gov