Local Option Property Tax Credit for Long-term Elderly Residents and Veterans

State

Maryland

Year

2022

Variations in Receipt of Benefit

Other Variation in Receipt of Benefits

Benefit Type

Credit

Benefit

Local governments may provide a tax credit not to exceed 20% of the county or municipal property tax and may be granted for up to 5 years.

How is Benefit Disbursed

Credit to the property tax bill

Eligible Property Type

Residential

Characteristics of Eligible Property

Eligible property includes a house that is used and occupied as the principal residence of the homeowner for at least six months of a 12-month period, condominium units that are occupied by an individual who has a legal interest in the condominium, and apartments in a cooperative apartment corporation that are occupied by an individual who has a legal interest in the apartment.

Eligibility Criteria

Age

Disability

Homeowner

Principal Residence

Veteran

Surviving Spouse

Other Criteria

Description of Eligibility Criteria

The applicant must own and occupy the property as a principal residence for at least 6 months of a 12-month period immediately succeeding the end of the tax year for which the applicant is applying. The applicant must be at least 65 years old and either lived in the dwelling for at least the prior 40 years or is a retired member of the United States Armed Forces, the Reserves, or the National Guard. An individual is also eligible if they are an active duty, retired, or honorably discharged member of the United States Armed Forces, the Reserves, or the National Guard and have a service-connected disability. An un-remarried surviving spouse of a member of the Armed Forces or the National Guard is also eligible. The local government may also provide for additional eligibility criteria including but not limited to the maximum assessed value of a dwelling.

Local Option in Adoption of Program

Local government must take action to opt in

Local Option Regarding Program Features

Local option regarding program features

Record ID

MD116_RR22

Sources

Md. Code, Tax-Property § 9-258;
Md. Code, Tax-Property § 9-105 (in effect for 2022)

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