Property Taxes & Credits

 1.    If this is the first time that you have ever purchased a house in Maryland, you will automatically receive a credit for the state portion of the transfer taxes on the settlement sheet.

 2.    Homestead Tax Credit for owner-occupied residential property

Homeowners have until December 31, 2012 to submit a Homestead Eligibility Application to continue being eligible for the credit. You can find out the status of your application by looking up your property on the Real Property database. Application filing status information is at the bottom of the property display page.

        Commonly asked questions on the Homestead Tax Credit eligibility application 

 3.    Homeowners Tax Credit Program

The homeowners’ and renters’ tax credit programs are designed to help low-income homeowners and renters by limiting the amount that they must pay in property taxes. To receive the tax credit, an application and all supporting documents must be sent to SDAT preferably by May 1 but no later than September 1 of each year.

  Homeowners Tax Credit Application 

A law enacted by the 2000 session of the General Assembly allows low and moderate income home purchasers to apply in advance for the Homeowners’ Tax Credit before acquiring title to the property. The purpose of this program is to help reduce the amount of monies needed at the time of settlement. You must apply at least 30 days before your expected settlement date to receive any credit due at the time of settlement. For more information, please call the Tax Credit Telephone Service 410-767-4433 or 1-800-944-7403 and request Form HTC-NP.

 4.    Renters’ Tax Credits

         Renters’ Tax Credit Application

  5.    Real Property Tax Exemption Information  - Religious, charitable, fraternal, educational or other similar type organizations have to apply for a real property tax exemption
        Exemption Applications

 6.    Local tax credit programs that supplement the State Homeowners’ Tax Credit, Renter’s Tax Credit and Real Property Exemption applications. CLICK HERE.

  7.    Ground Rent Information
         
Sample Deed of Redemption

  8.   CONTACT YOUR LOCAL ASSESSMENT OFFICE 

ARE YOU INTERESTED IN FINDING OUT HOW TO APPEAL YOUR REAL ESTATE TAX ASSESSMENT?  Go to the State of Maryland Real Property Tax Assessment Appeal.  “Property owners sometimes feel that the department’s estimate of their property value is wrong. The assessment appeal process is available to allow property owners the opportunity to dispute the value determined by the department. Property values rise and fall to reflect the market. A property owner should file an appeal when they believe that their property is not valued at its current market value.”

Appeals may be filed on three occasions:

  • upon receipt of an assessment notice;
  • by a petition for review; and
  • upon purchase of property between January 1 and June 30.

 OTHER PROPERTY-RELATED TAX CREDITS:

Baltimore City Historic Landmarks and District Tax Credit

Baltimore City Home Improvement Tax Credit

Baltimore City Newly Constructed Dwelling Tax Credit

Baltimore City Rehabilitated Vacant Dwelling Tax Credit

Cumberland Historic Tax Incentive

Maryland Heritage Structure Rehabilitation Tax Credit

Maryland Rehabilitation Tax Credits

Solar Energy Tax Credits

Westminster Historic Property Tax Credit

Westminster Historic Property Tax Freeze