HI Everyone,
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+ R6 J5 P7 Q- i& B3 l GHave you filed this application? Existing home owners have until Dec 31, 2013 to apply. Here is the link:8 N" i% T5 b4 Z/ S2 Y9 U, e; F
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http://www.dat.state.md.us/sdatweb/homestead_app.htm) ?" {$ S. S a4 O
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ONLY applies to principal residences.2 w( r, h( \/ B& Z3 p
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Must apply for Tax Credit$ |/ J% \5 F% Q# q( h# G
6 l) \* a5 _) K! F Q3 G Existing homeowners have until Dec 31, 3013 to apply (recent legislation extended the deadline)
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: N* P: i% M3 b0 }+ v' r3 X3 [ New Buyers will receive an application from the MD county Tax office once the deed is recorded and the database is updated.& j5 u& J' M, q
. L, C$ `6 l; U" n$ o 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.4 D6 j' q" Q# r( H! i
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New buyer does not see benfits in first year due to value reassessment made upon transfer of the property( d* F7 g9 }6 b. R3 Z
$ S" Y$ R# ]# x# S Effectively over time, principal residence owner pays less in property taxes, significant savings
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! x4 ?$ I( c! D( K: W" a; T$ P Owner can only receive credit for one property
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发表于 2013-7-11 09:14:57
