21 January 2008

Important MD property tax change

The State of Maryland has made a significant change this year regarding the way they will apply real property tax savings for owner occupants. In the past the Homestead Tax Credit Eligibility was done automatically and only once. That’s no longer the case.

Take a good look at your 2008 tax assessment notification. The State of Maryland has included a new application in your notification, which you should have received recently.

In order to qualify for the real property tax savings you MUST file that application AGAIN this year. The filing deadline is April 1, 2008. If you do not have the application form, additional information may be obtained by calling the Maryland Department of Assessments and Taxation at 410-767-2165.

*THIS YEAR IF YOU DO NOT FILL OUT THE APPLICATION YOU WILL NOT BE GRANTED THE HOMESTEAD TAX EXEMPTION AND YOUR TAX BILL WILL GO UP ACCORDINGLY.* Please do not neglect to take advantage of continuing to save on your real property taxes.