Local Property Tax Deferral Options

State

Maryland

Year

2021

Variations in Receipt of Benefit

No Variation in Receipt of Benefits

Benefit Type

Deferral

Benefit

These deferral programs are available in several counties and eligibility groups. However, they all share the same benefit structure as Baltimore City's and each county and municipal corporation determines the eligibility requirements and the provisions of the deferral. Applicants should consult county tax officials for applications and eligibility information.

How is Benefit Disbursed

Other

Eligible Property Type

Residential

Characteristics of Eligible Property

Only residential property is eligible for this program. In Prince George's, Howard and Baltimore Counties the property cannot exceed 5 acres.

Eligibility Criteria

Age

Income Ceiling

Other Criteria

Description of Eligibility Criteria

Local governments establish the requirements for the deferral, and other provisions of the program. Many include age, income, and/or other requirements. In general, at least one homeowner must be elderly as defined by the county, although residents of all ages who meet local eligibility requirements can claim the benefit in Montgomery County.

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

Description of State Funding for Tax Loss

The state statute is silent on this.

Record ID

MD102_R21

Footnotes

The rate of interest for Prince George's County cannot exceed 4%, all other counties continue to have a rate of interest to be paid on the county property tax payment from the due date without a deferral until the date that the county property tax is paid.

Sources

Md. Code, Tax-Property § 10-201;
Md. Code, Tax-Property § 10-203 ~ § 10-204.7 (in effect for 2021)
Department of Assessments and Taxation, A Homeowner's Guide to Property Taxes and Assessments,
[http://dat.maryland.gov/realproperty/pages/HomeOwners-Guide.aspx Accessed 11/2/2022]
View Archived Source

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