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Homestead Tax Credit - Great News For Maryland Homeowner's!

 
WOO HOO!  MARYLAND HOMEOWNER'S WHO DIDN'T KNOW
ABOUT THE HOMESTEAD APPLICATION REQUIREMENT AND
PROCRASTINATOR's HAVE BEEN GIVEN A REPRIEVE!!
 
If you or someone you know is a homeowner in Maryland who did NOT file a Homestead application by the original deadline of December 2012, you have been given another chance!
ALL MARYLAND HOMEOWNER'S MUST COMPLETE AN APPLICATION TO RECIEVE THE HOMESTEAD TAX CREDIT ON THEIR PRIMARY RESIDENCE.
 
WHY DO I CARE ABOUT THE HOMESTEAD TAX CREDIT?
Because of assessment increases and because of the low assessment caps adopted by the county governments, many homeowners in the State have been receiving substantial homestead credits each year on their property tax bills. (SDAT FAQ)
EXAMPLE:  One of our clients who failed to complete the application by the deadline would have owed $675.72 in additional taxes as of July 2013.  We let him know and he has since filed the application...he's safe!
 
Before filing form, be sure to check the Real Property database to see if you may have previously filed and been 
approved for the Homestead Tax Credit. if so there is no need to reapply. The Homestead Credit Eligibility stays in 
place as long as ... more

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