Don't Lose Your Maryland Homestead Tax Credit - Act Now!
Guest blog by Suzanne Feinstein, attorney with Village Settlements in Maryland, 301-556-4903. Suzanne would like to become your favorite settlement attorney!
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. 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. 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: http://sdatcert3.resiusa.org/rp_rewrite/
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. If it was filed, the entry will show the date your application was approved.
IF IT SAYS “NO APPLICATION” then click on this link for the application:
http://www.dat.state.md.us/sdatweb/Homestead_application.pdf
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 how the Homestead tax credit is calculated, click on the link below:
http://www.dat.state.md.us/sdatweb/homestead.html
Thanks to our friend Suzanne Feinstein for sharing this procedure. Suzanne will welcome your questions. Her direct number at Village Settlements is 301-556-4903 or email her at Sfeinstein@villagesettlements.com.
Chrysanthemum, Brookside Gardens, Chrysanthemum Society Show IMG_7942
Photograph by Roy Kelley using a Canon PowerShot G11 camera.
Roy and Dolores Kelley Photographs
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