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Have you filed this application? Existing home owners have until Dec 31, 2013 to apply. Here is the link:, K! A1 J" k3 ]$ L: \0 C9 R3 R4 S
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http://www.dat.state.md.us/sdatweb/homestead_app.htm
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ONLY applies to principal residences.- E- ^2 @: x" ` h* w
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Must apply for Tax Credit
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9 W: {6 i. V F5 _' G Existing homeowners have until Dec 31, 3013 to apply (recent legislation extended the deadline)7 t8 f$ |! [% r, X; ?! t
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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.
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7 B3 P5 c, T) L) R$ p 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 property3 K9 M7 X1 l# a l# X
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Effectively over time, principal residence owner pays less in property taxes, significant savings
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Owner can only receive credit for one property
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