Brownfield's Property Tax Credit
A Montgomery County property tax credit for owners of qualified brownfield sites that undergo voluntary cleanup or corrective action. Offered by Montgomery County Department of Finance.
Key Facts
- Funder
- Montgomery County Department of Finance
- Award amount
- Not specified by funder
- Deadline
- Rolling / not specified
- Geography
- Maryland
- Categories
- Community Development
- Status
- Open
About This Grant
A Montgomery County property tax credit for owners of qualified brownfield sites that undergo voluntary cleanup or corrective action. The credit equals 50% of the increased property tax liability (resulting from the assessment increase after cleanup) for 5 tax years. An additional 20% credit is available if the site is in an Enterprise Zone or a county-designated Neighborhood Business Development Program area. Assistance type: tax credit.
Full requirements and application instructions: official listing.
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