Local Tax Credits for Homeowners and Families

Local Tax Credits for Homeowners and Families 

Maryland Homestead Tax Credit https://dat.maryland.gov/realproperty/pages/maryland-homestead-tax-credit.aspx  

The Homestead Property Tax Credit Program helps homeowners deal with large assessment increases on their residence by limiting the increase in taxable assessments each year to a fixed percentage. Prince George’s County is required to establish an annual cap of the Consumer Price Index (CPI) or 5%, whichever is lower.  All Prince Georgians who own a home in Prince George's County as their primary residence are eligible for the Homestead Tax Credit.  You only need to apply once. Check your status online here: https://sdat.dat.maryland.gov/RealProperty/Pages/default.aspx  

Homeowners' Property Tax Credit Program 

https://dat.maryland.gov/realproperty/pages/homeowners'-property-tax-credit-program.aspx 

The Homeowners’ Property Tax Credit Program provides tax credits against the homeowner's property tax bill if the property taxes exceed a fixed percentage of the person's gross income. The Homeowners' Tax Credit is not automatically granted and each person must apply and disclose his or her income. The deadline to apply is October 1st of each year. Homeowners who file and qualify by April 15 will receive the credit directly on their tax bill. Persons who file later (up until the October 1 deadline) will receive any credit due in the form of a revised tax bill.  

Berwyn Heights: ORDINANCE NO. 180 RESIDENTIAL REAL PROPERTY TAX CREDIT PROGRAM  

A property owner is eligible to receive a tax credit if the individual qualifies and receives a credit under the State of Maryland homeowner’s property tax credit program.   The property that is subject to the tax credit shall remain in compliance with the Town’s property maintenance code for the duration of the tax credit.   Filing Deadline:  December 1, 2021.  The “Homeowners Tax Credit Application” can be found in the "QuickLinks" at https://www.berwynheightsmd.gov/administration-department  

Renters' Tax Credits 

https://dat.maryland.gov/realproperty/Pages/Renters'-Tax-Credits.aspx 

Eligible renters are individuals who pay high monthly rent relative to their total income and do not receive federal or state housing subsidies or reside in public housing.  Renters have until October 1 of the year in which the credit is sought to apply.   

In addition to the State program, Prince George’s County automatically provides a Renters’ Property Tax Relief Supplement to each resident who qualifies for the State Renters Tax Credit.  The County supplement is 50% of the State payment, and will be dispersed in early winter of each year.  No additional application is required.