Homeowners Property and Renters Tax Credit Program

 

Maryland Homeowners Property and Renters Tax Credit Program applications due October 1st.

The Maryland Homeowners Property Tax Credit program is an important program that may help lower your property tax debt if your combined household income is less than $60,000.  The property must be the applicant’s principal residence, and a new application must be filed every year. The Renters Tax Credit Program provides a tax credit that will vary according to the relationship between the rent and income, with the maximum allowable credit being $1,000. Those found eligible for a credit as determined by the Maryland State Department of Assessments and Taxation will receive a check directly from the State Treasury. Anyone who is found ineligible will be notified in writing and given the reason why.  More information on these two programs can be found here: https://dat.maryland.gov/Pages/default.aspx