Homestead Property Tax Credit

Limits the increase in taxable property assessment for eligible homeowners in Baltimore County to reduce property tax bills. Baltimore County caps assessment increases at 4% per year; the State of Maryland caps them at 10%. The Maryland State Department of Assessments and Taxation (SDAT) calculates annual property assessments and determines eligibility. The credit is automatically applied to tax bills when assessments rise and reduces both county and state tax liability. Assistance type: tax...