Mike Dacre-Title Agent

Are you the owner occupant of your Maryland property?

Did you know that you can apply for a means to keep your property taxes at a lower rate factor as an owner occupant vs. a realty investment property?

The Homestead Tax Credit is a credit is eligible to anyone who has been in their home as the owner for at least a year. You can use the attached form or apply online with the State.

In my capacity as a title agent for Perfection Title, we advise our customers at closing who are buying a new home to apply for this credit when their new deed arrives in the mail. That way, the property is already in their name from the seller and they can enjoy this credit on future tax bills. The purpose of this credit is to cap tax increases. The cap varies by each County.

Click on this link to see if you are receiving the Homestead Tax Credit with SDAT (State Dept. of Assessment and Taxation).

https://sdat.dat.maryland.gov/RealProperty/Pages/default.aspx

You’d be surprised just how many people who are eligible are not receiving this credit. Don’t let this be you.

For more information. Please call or email me at 410-952-2997 or email [email protected]