Have you filed Homestead tax credit application?

DCren

HI Everyone,

5 q. _3 e, f* `  K0 p8 w+ H" J8 y! eHave you filed this application? Existing home owners have until Dec 31, 2013 to apply.  Here is the link:

! l& I9 e( o3 h9 j. p5 P/ K% mhttp://www.dat.state.md.us/sdatweb/homestead_app.htm

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ONLY applies to principal residences.

Must apply for Tax Credit

    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.

   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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3 e' J5 D' x8 R- Q+ e7 H9 B   Effectively over time, principal residence owner pays less in property taxes, significant savings
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  u4 G! o% R  v. C. t   Owner can only receive credit for one property


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