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Have you filed this application? Existing home owners have until Dec 31, 2013 to apply. Here is the link:
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1 d5 ^ d- T/ }2 Y5 Ohttp://www.dat.state.md.us/sdatweb/homestead_app.htm o6 E6 ^( a& ]0 V1 u
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ONLY applies to principal residences.8 f) _" X0 {) ^/ ~
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Must apply for Tax Credit
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Existing homeowners have until Dec 31, 3013 to apply (recent legislation extended the deadline)
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New Buyers will receive an application from the MD county Tax office once the deed is recorded and the database is updated., q% ^1 e5 U; g/ Z4 t O+ ?) L
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Phase in any property tax increase over 3 years and limits how much it can go up in each year to 10% of the existing property tax amount.
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New buyer does not see benfits in first year due to value reassessment made upon transfer of the property
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Effectively over time, principal residence owner pays less in property taxes, significant savings
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% ]2 T3 ], I6 G0 E; x2 u+ O Owner can only receive credit for one property
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