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Homestead Tax Credit

By
Real Estate Agent with Weichert Realtors MD583075 DCSP98366493

Homeowners, who use their property as their principal residence, may receive a property tax assessment notice from the Department of Assessments and Taxation containing a Homestead Tax Credit Application for the first time this year.  One-third of property owners were sent this application on December 28, 2007.  Homeowners whose properties were not in that one-third, can wait until their property is assessed in 2009 or 2010, and then submit their application at that time. 

New purchasers of properties will be mailed a homestead application by the Department. 

The Homestead Credit limits the amount of assessment increase on which a homeowner will pay property taxes in that tax year on the one property actually used as the owner's principal residence. 

If you received a property tax assessment this month, you can file the Homestead Tax Credit Application online by going to the Department's website located at http://www.dat.state.md.us/.  Each property owner's sent application has a unique 8-digit access number for submitting the application online.  Or, the Department provides a postage paid return envelope for the application form.  The Homestead Tax Credit Division may also be reached at 1-866-650-8783. 

Posted by

Christine Sherrod, Realtor

Weichert, Realtors

3701 Rossmoor Boulevard

Silver Spring, MD  20906

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Direct:  (301) 908-8747

Office:  (301) 598-4222 x105

Email:   csherrod@mris.com

www.ChristineSherrod.com

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