Maryland homestead tax credit
Thursday, January 10th, 2008What is the homestead tax credit?
Exactly like it sounds, it’s a credit you get back. Why would the state do so? In my opinion, they’re trying to limit the speed by which tax assessments are growing relative to the speed by which home prices grew in the past five years, resulting in higher tax rate for residents. It is mainly targeted to benefit home owners who live in those residents.
