Maryland HB1546 establishes a 100% homestead property tax credit for individuals aged 65 and older in Baltimore County.
Maryland HB1546 amends the homestead property tax credit for individuals aged 65 and older in Baltimore County, setting the credit percentage at 100%. The bill outlines the process for applying for this credit, including the submission of an application to the Department by May of the year before the credit is to be allowed. The credit is calculated based on the prior year's taxable assessment and the homestead credit percentage set by the county or municipal corporation.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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