Homeowners Property Tax Credit Deadline: September 1

Maryland residents, the Homeowners Property Tax Credit deadline of September 1 is fast approaching — you may be eligible to save on your property taxes, but you must file every year to get the credit! The credit is based on household income, so please go here to view the eligibility criteria and form you’ll need Read more about Homeowners Property Tax Credit Deadline: September 1[…]

HB0508/SB0330: Residential Property – Foreclosure Sale – Recordation of Instrument of Writing: SUPPORT

Maryland House Bill 0508 is a bill that’s been sorely needed for far too long. This bill (and Senate Bill 0330) would go a long way towards cleaning up our property records by requiring a deed to be filed no later than 30 days after a foreclosure sale is ratified by the court — this Read more about HB0508/SB0330: Residential Property – Foreclosure Sale – Recordation of Instrument of Writing: SUPPORT[…]

Homestead Tax Credit: Not for Rentals

The State of Maryland has a tax credit that’s available to homeowners, to offset the high property taxes — this credit is for owner-occupied dwellings only, and not to be used for rental properties where the homeowner does not reside. If you move away, and wish to rent out your property instead of selling it, Read more about Homestead Tax Credit: Not for Rentals[…]

Why HB0268 Was Needed

Today’s fatal fire at 447 N Lakewood Avenue is a tragic example of why the LLC transparency bill, introduced in the Maryland Legislature by Delegate Stephen Lafferty was so necessary.  Yet it was shot down by delegates who perhaps put more importance on hiding the owners of LLCs than on their taxpaying constituents. (Link opens Read more about Why HB0268 Was Needed[…]

Homestead Tax Credit Deadline is Approaching!

The deadline to file your application for the Maryland Homestead Tax Credit is quickly approaching — the state has to receive your application ON or BEFORE December 30, in order to be considered for the credit. The tax credit caps your assessment at 4% per year, and could potentially save you hundreds (maybe thousands, depending Read more about Homestead Tax Credit Deadline is Approaching![…]

Homestead Tax Credit Application Deadline is Quickly Approaching!

Have you applied for the Maryland homestead tax credit yet? The purpose of the Homestead Credit Program is to help homeowners afford annual property tax increases on their owner-occupied homes. The State caps annual assessment increases at 10 percent as applied to annual property taxes. Baltimore City caps at 4 percent. This credit protects homeowners, Read more about Homestead Tax Credit Application Deadline is Quickly Approaching![…]