Homestead Tax Credit Deadline is Approaching!

Photo of Maryland State House, Annapolis

State House, Annapolis, MD

The deadline to file your application for the Maryland Homestead Tax Credit is quickly approaching — the state has to receive your application ON or BEFORE December 30, in order to be considered for the credit. The tax credit caps your assessment at 4% per year, and could potentially save you hundreds (maybe thousands, depending on the value of your home) in property taxes.

If you purchased your home as a principal residence, you are eligible for this credit. If you fail to send in your application, your current tax credit will be removed, and you’ll have to reapply at a later date, and play catch-up with your property taxes. ALL homeowners should apply, unless you’ve done so recently, as the state enacted the application requirement to weed out property owners who were using the home as a vacation home or rental property (both of which are not eligible for the credit).

To check to see whether your homeowner’s tax credit application has been filed and/or approved, go to SDAT’s Real Property Search website, choose your county or city and then “Street Address”. Enter your house number and the street name (for example, 1013 Scott or 763 Washington). At the bottom of your property’s listing, you’ll see a heading that says “Homestead Application Information”. If it says “No Application” — you should file online:

Just to reiterate — second homes and rental properties are NOT eligible for the credit. If you wrongfully claim the credit, you will be responsible for paying all of the back taxes if caught by the State Department of Assessments and Taxation.

For more information on eligibility and applying for the credit, go here.

3 thoughts on “Homestead Tax Credit Deadline is Approaching!

  • I have what may be a stupid question. I’m a first-time homeowner (we closed in early December), so I won’t be eligible for the credit until I’ve lived in my home for 6 months. Do I still have to file for the credit now before December 31? Or will I have to wait and file for the credit in 2014 after the six-month period has elapsed?

    • That’s not a dumb question — in fact, it’s a really good question that I don’t know the answer to. I know on the website there’s a contact number or email…there’s a part of me that says you should file now just in case…but I honestly don’t know. I have a friend I can ask — I’ll post his response as soon as I get it, which hopefully will be this evening.

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