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Find Homeownership Incentives

Maryland Homestead Tax Credit

Tax Credit Current Home Owners Only

Type Of Program

Tax Credit

Program distribution

Forgivable Second Mortgage

Program Originator

Maryland State Department of Assessments & Taxation

Amount

$0.00

Contact

Maryland Department of Assessment and Taxation

Blocks

Location
Description

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.


AMI Limit

No

AMI

N/A

Employer Participation Required

No

Must Earn Counseling Certificate

No

Eligibility Limitations

- 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

Cash Sale Permitted

No

Cosigner Permitted

Yes

Owner Financing Permitted

No

Must be Primary Residence

Yes

Program Provider's Contact Name

Maryland Department of Assessment and Taxation

Program Provider's Address

301 W. Preston St., Baltimore, MD 21201-2395

Program Provider's Phone

4107672165

Program Provider's Email

sdat.homestead@maryland.gov​