To help Maryland homeowners offset large assessment increases on their principal residence, the state of Maryland established the Homestead Property Tax Credit.
Every county in the state of Maryland is required to limit tax increases to 10% or less every year.
The Maryland Homestead Tax Credit is helpful to all homeowners but particularly to lower-income homeowners who may be struggling to pay their property taxes.
Applying for the Maryland Homestead Tax Credit is an easy process. It is a one time application for a property. Here is the link to the SDAT Real Property Data Search where you can put in the address of your home to check the property status.
This link provides information on the tax credit for each county and municipality in Maryland
Does the Maryland Homestead Tax Credit limit the market value of a property?
No. The tax credit is calculated on any tax assessment higher than 10% or lower (depending on the county & municipality) from one year to the following year. The homeowner does not pay property tax above the limit on the market value increase.
The Homestead Tax Credit can only be applied to a primary residence. There are other conditions that apply, see the conditions here on the county website.
Why is the Maryland Homestead Tax Credit needed?
There were some Maryland residents receiving a tax credit on vacation and rented properties. Counties were losing tax revenues needed to provide necessary services.
I recently bought a home in Maryland. When can I apply?
In 2021 Maryland law required that information about the tax credit should be included in a contract for sale of residential property.
Here is a link to Maryland.gov for details on how to apply.
How do I check the status of my Homestead Tax Credit application?
To check the status of your application, go to the state website, The Real Property Data Search, and put your address into the search form.
All Maryland residents should check the status of their property to ensure they are receiving the tax credit.
Thank you for requesting more information...
We value and protect your privacy and will never share your contact information with anyone else.
How can we help?
If the exclusive buyer agents at HomeBuyer Brokerage can assist you in any way, please don't hesitate to contact us at firstname.lastname@example.org.