Laurel MD Home buyers get tax credit for buying foreclosed homes

By
Real Estate Agent with Keller Williams Select Realtors-Buy a home in Washington DC. Sell a home in Washington DC SP98364271

"Laurel MD Home buyers"get tax credit for7413 Barryleaf Dr Laurel MD 20707. Laurel MD Home for sale buying "foreclosed homes in Laurel MD". Legislation was passed by the The City of Laurel adopting a tax credit program for purchasers of Laurel MD foreclosed homes.

 

 


Now in effect, the legislation offers a five-year descending City tax credit of up to $3500 for Laurel MD home buyers purchasing their primary residence within Laurel City limits. Under the program, eligible buyers will receive credit for 100% of their City property taxes up to $3500 for two years following purchase. In subsequent years, three to five, the credit will decrease to 75%, 50%, and 25% respectively.

 

 

If the property is deemed to be a "distressed property" the purchaser may be eligible for an extended credit. As with similar programs, the credit terminates when the initial purchaser ceases to occupy the home as their primary residence.

 

To learn more and obtain application forms please visit here

City of Laurel
8103 Sandy Spring Road
Laurel, MD 20707
301-725-5300
www.cityoflaurel.org

 

If you are looking to buy or sell a home in Laurel MD,I can definitely help you with that. Start your home buying search of Laurel MD Foreclosed properties,by clicking here

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Rainmaker
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Denise Watkins
Tristar Realty, INC - Upper Marlboro, MD
Realtor Serving DC and MD

Great incentives for buying in Laurel. 

Feb 26, 2013 04:41 AM #1
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