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Homeowner's Property Tax Credit

Posted by Darlene Decapite on Tuesday, March 6th, 2018 at 4:15pm.

The State of Maryland has developed a program which allows credits against the homeowner's property tax bill if the property taxes exceeds a fixed percentage of the person's gross income. It sets a limit on the amount of property taxes any homeowner must pay based on their income. It is based on your gross income and net worth. Contact me on how to receive this tax credit. I can e-mail it or send it to you in the mail. This is one of the best kept secrets in Anne Arundel County. If  your gross earnings are under $60,000. and have lived in the property for 6 years, and your net worth does not exceed $200,000. you could qualify. You can also check it out in the Anne Arundel County web site. The county also gives an additional 30% credit if you are 70 years of age or older, and have lived in the property for at least 10 years. 

Your local Real Estate Agent

Darlene DeCapite

Champion Realty

darlenedecapite@championrealty.com

410 507 0963 

 

 

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