Maryland HB579 alters property tax credits for seniors in Baltimore County.

Maryland HB579 modifies the homestead property tax credit for seniors in Baltimore County. It exempts the first $50,000 of a dwelling's assessment from state property tax for homeowners aged 65 or older who qualify for the credit. The bill also requires the Baltimore County governing body to grant a credit against the county property tax for eligible seniors. The homestead credit percentage for county property tax is set by the county governing body each year, with a minimum of 100% and a maximum of 110%. The changes take effect June 1, 2026, for taxable years beginning after June 30, 2026.

Maryland HB579 alters property tax credits for seniors in Baltimore County.

Maryland HB579 modifies the homestead property tax credit for seniors in Baltimore County. It exempts the first $50,000 of a dwelling's assessment from state property tax for homeowners aged 65 or older who qualify for the credit. The bill also requires the Baltimore County governing body to grant a credit against the county property tax for eligible seniors. The homestead credit percentage for county property tax is set by the county governing body each year, with a minimum of 100% and a maximum of 110%. The changes take effect June 1, 2026, for taxable years beginning after June 30, 2026.