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Maryland Homestead Tax Credit: Last Chance to Register is Today

Make sure your property is registered by Dec. 31.

 

Have you registered your home for the Maryland Homestead Tax Credit?

If not, you have only a few hours left; the deadline to do so is today, Monday, Dec. 31, 2012.

The Homestead Credit limits the potential increase in taxable property assessments to 10 percent or less each year. Applying for the credit would prevent you from having to pay taxes on any increase above that 10 percent cap.

The Department of Taxation and Assessments website offers the following example:

Assume that your old assessment was $100,000 and that your new phased-in assessment for the 1st year is $120,000.  An increase of 10% would result in an assessment of $110,000.  The difference between $120,000 and $110,000 is $10,000.  The tax credit would apply to the taxes due on the $10,000.  If the tax rate was $1.04 per $100 of assessed value, the tax credit would be $104 ($10,000 ÷ 100 x $1.04).

If you had not applied for the homestead tax credit, you would be responsible for the taxes on the full increased amount.

The credit used to happen automatically, but due to abuse, a law was enacted in 2007 to prevent owners from applying for rental or multiple properties.

If you are not sure if you have registered your home, you can follow these steps to apply for the credit:

  1. Visit the Maryland Department of Taxation and Assessments' Real Property Data Search database
  2. Select your county
  3. Select Street Address
  4. Enter your street number
  5. Enter your street name only (no need for lane, drive, street, etc.)
  6. Review the state assessment data on your property, including information at the very bottom entitled Homestead Application Information
  7. If this section says “approved”  you do not need to do anything further. If it says “No application,"  you should apply for the credit immediately
  8. Download & complete PDF of the application
  9. Submit the application online, via fax to 410-225-9344 or U.S. mail to:

                        Homestead Tax Credit Division
                        301 West Preston Street, 8th Floor
                        Baltimore MD 21201

Applications must be postmarked by Dec. 31, 2012.

More information can be found on the state's website at http://www.dat.state.md.us/sdatweb/homestead.html.

Dorrie December 31, 2012 at 04:52 PM
The website seems to be down and their offices are closed. Is there another way I can find out if I need to apply? I am just hearing about this today.
Brandie Jefferson December 31, 2012 at 05:00 PM
Dorrie, I just uploaded the application - you can click it in the upper right hand corner of this article under .PDF. This website seems to be loading for me: http://www.dat.state.md.us/sdatweb/homestead.html If you still can't get it to load, this info is on the bottom, though I'm not sure anyone will be available today: "For questions about the Homestead Tax Credit, you may telephone 410-767-2165 in the Baltimore metropolitan area or at 1-866-650-8783 toll free elsewhere in Maryland or email the Homestead unit at homestead@dat.state.md.us"
Jim V. December 31, 2012 at 07:33 PM
Generally if you receive a tax bill it will indicate whether you have the Honestead Credit. If not, you would likely need to apply. However, I have the credit but when I checked the website for my address, it indicated no request on file so I mailed one in. Good luck with the fax as it seems to be constantly busy. When you get to the website there is a place where you can click to search their data base. Once there, you can put in your house address (just the number and the street name without using street/court/etc). i.e. 31 Main. Your information should appear. Hope this helps.
PigDemocrat May 21, 2013 at 07:23 PM
we are taxed to death already, gas going up 45 cents a gallon. this is just a scam.

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