Looking for ways to reduce your local or Maryland property taxes? These tax credits might help.
Maryland's Homestead Credit caps the tax assessment increase allowed at 10 percent or less.
In addition to the Homestead Credit, which is for all owner-occupied properties, Homeowners Property Tax Credit can cut property taxes for those with incomes under $60,000. Unlike the Homestead Credit, eligible homeowners must apply for this credit yearly.
Maryland Historical Trust provides information on tax credit for historic properties. These credits may be on Maryland income taxes or local property taxes.
Blind persons (and their surviving spouses) and disabled veterans are among those who can apply for special property tax exemptions.
