The Maryland Homeowner's Property Tax Program

Most homeowners know about the Homestead Program; most homeowners do not know about the Maryland Homeowners’ Property Tax Credit Program. This article answers many of the common questions we hear from Maryland homeowners regarding property taxes.

What is the Maryland Homeowners’ Property Tax Credit Program?

The Homeowners’ Property Tax Credit Program allows credits against the homeowner's property tax bill if the property taxes exceed a fixed percentage of the person's gross income.

Does Maryland have a Senior Citizen Property Tax Credit as well?

Unlike the District of Columbia, Maryland does not have offer Senior Citizen Tax Credit, instead the Homeowners’ Property Tax Credit has no age requirements, just income requirements. 

What are the requirements for eligibility?

The four basic requirements include:

1.    In order to apply for the credit, you must own the property.
2.    The property must be your principal residence.
3.    Your net worth must be less than $200,000.00.
4.    Your combined gross household income cannot exceed $60,000.00.

How is “principal residence” defined?

For the purpose of the Homeowners’ Property Tax Credit, a principal residence is a property where you live at least six months of the year, including July 1. If you are a recent home purchaser, it must be your intention to live at the property as a principal residence. Exceptions are made for individuals unable to live at the property for health or need of special care.

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