Maryland HB368 requires Prince George's County to provide a supplemental property tax credit for homeowners, in addition to the state credit.

Maryland HB368 mandates that the governing body of Prince George's County grant a property tax credit to supplement the state homeowners' property tax credit. The State Department of Assessments and Taxation handles administrative duties related to the credit, and the county must reimburse the Department for related costs. The credit is calculated based on the homeowner's combined income, with specific percentages applied to different income brackets. The bill takes effect June 1, 2026, and applies to taxable years beginning after June 30, 2026.

Maryland HB368 requires Prince George's County to provide a supplemental property tax credit for homeowners, in addition to the state credit.

Maryland HB368 mandates that the governing body of Prince George's County grant a property tax credit to supplement the state homeowners' property tax credit. The State Department of Assessments and Taxation handles administrative duties related to the credit, and the county must reimburse the Department for related costs. The credit is calculated based on the homeowner's combined income, with specific percentages applied to different income brackets. The bill takes effect June 1, 2026, and applies to taxable years beginning after June 30, 2026.