Homeowner tax credits available for Maryland and municipal Crisfield and Princess Anne residents 70 an older

Posted 8/25/22

BALTIMORE — The Maryland State Department of Assessments and Taxation is implementing a Tax Credit Awareness Campaign to remind homeowners of property tax credits they may be entitled …

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Homeowner tax credits available for Maryland and municipal Crisfield and Princess Anne residents 70 an older

Posted

BALTIMORE — The Maryland State Department of Assessments and Taxation is implementing a Tax Credit Awareness Campaign to remind homeowners of property tax credits they may be entitled to.

The quickest and easiest way to find out more information and submit an application is by accessing the innovative online tax credit application system, which strengthens SDAT’s ability to continue processing all tax credit applications in an accurate and timely manner. The deadline to file for both tax credits is October 1, 2022.

“Determining eligibility and filing online have never been faster or easier thanks to our online tax credit application system, and I encourage all Marylanders to learn more about these programs by visiting our website,” said SDAT Director Michael Higgs.

By the end of August SDAT will mail 113,529 postcards to low-income Maryland homeowners who may be eligible to receive a credit but have not yet submitted an application. The Homeowners' Property Tax Credit Program provides relief for eligible homeowners by setting a limit on the amount of property taxes owed based on their income.

If a resident has already paid their property taxes and applies by October 1, any tax credit that the homeowner may be eligible for will be refunded by their county finance office.

In 2021, over 37,800 homeowners received an average of $1,465 in tax relief, and 6,636 renters received an average of $446 in tax relief. Combined, these two tax credit programs saved Marylanders more than $58 million last year. Many counties and municipalities also provide supplemental homeowners credits as defined by Tax Property Article §9-215, which provide additional tax relief. If a resident is approved to receive the state credit, they will automatically receive any local supplemental credit for which they are eligible.​

Homeowners inside the city limits of Crisfield who are at least 70 or older are entitled to a $100 reduction in their municipal property taxes, and in Princess Anne a similar program is being renewed for the second year offering up to $500 off town taxes for those who are owner-occupants 70 years and older. Proof of residency will be required.

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