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3 ]' D$ W6 G) K' r R, h! F: |9 bHave you filed this application? Existing home owners have until Dec 31, 2013 to apply. Here is the link:
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) b9 D( A' N' g) g' C1 r& ohttp://www.dat.state.md.us/sdatweb/homestead_app.htm3 w% v$ t( U q/ {
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/ r& J4 V/ h0 bONLY applies to principal residences.
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Must apply for Tax Credit/ U. n2 t; f' Y# n7 E' |, n# l# P
7 J3 _, r, |- I9 N6 R 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.3 K* M2 V9 o- o3 e' V" P
1 r. b1 g: j5 z8 H 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, E- ]$ ?- i: L; @
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Owner can only receive credit for one property. ]( [7 J6 F+ @
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