Friday, August 6, 2010

Maryland Homeowner's Property Tax Credit

Eligible Montgomery County residents are encouraged to apply for the Maryland Homeowner’s Property Tax Credit program, which limits the amount of property taxes a homeowner must pay based on income. The deadline is September 1, 2010. In order to be eligible, a homeowner must have:
A combined household income of less than $64,000;
Lived in their home for at least six months, or will live in it for the next 12 months; and
A combined net worth (of everyone in the applicant’s household) of no more than $200,000.

To apply for the property tax credit program, eligible homeowners must fill out an application form each year. To get an application form, call the Maryland State Department of Assessments and Taxation (SDAT) at 1-800-944-7403, or download the form and instructions from the SDAT web site at www.dat.state.md.us/sdatweb/htc.html .

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