Local Option Property Tax Credit for Elderly Individuals with a Limited Income

State

Maryland

Year

2022

Variations in Receipt of Benefit

No Variation in Receipt of Benefits

Benefit Type

Credit

Benefit

Baltimore City and each county and municipal corporation may grant a property tax credit against the county or municipal corporation property tax imposed on real property that is owned by and used as the principal residence of an elderly individual who is of limited income. County and local governments can determine the credit provisions.

How is Benefit Disbursed

Credit to the property tax bill

Eligible Property Type

Residential

Characteristics of Eligible Property

Only residential property is eligible for this program.

Eligibility Criteria

Age

Homeowner

Income Ceiling

Principal Residence

Description of Eligibility Criteria

Applicants must be at least 65 years old and have limited income. Local governments determine all other eligibility requirements as well asthe amount and duration of the property tax credit.

Local Option in Adoption of Program

Local government must take action to opt in

Local Option Regarding Program Features

Local option regarding program features

State Funding for Local Tax Loss

Local government covers all of its tax loss

Record ID

MD112_RR22

Footnotes

Baltimore County added its own program for low-income seniors who are at least 70 that will be tied to the state circuit breaker rather than this program. Consult local tax officials for more information and application information.

Sources

Md. Code, Tax-Property § 9-245 (in effect for 2022)

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