Maryland Homestead Property Tax Credit Program

Maryland's Homestead Property Tax Credit Program limits the annual increase in taxable assessments on a homeowner's principal residence to a fixed percentage, protecting homeowners from large property assessment-driven tax increases. Every county and municipality in Maryland is required to limit taxable assessment increases to 10% or less each year. The State of Maryland caps its annual taxable assessment increase at 10%. Individual counties and municipalities may set their own lower caps:...