You Must apply by October 31, 2007
Save on Your Howard County Property Tax Bill
If your household had a combined gross income of less than $60,000 in 2006, then you are eligible to apply for a Homeowner's Tax Credit on your July 2007 Howard County property tax bill.
If you are 70 or older, with a combined household gross income less than $68,450, you may qualify for a Senior Tax Credit. The deadline to apply for the Senior Tax Credit has been extended to October 31, 2007.
For more information go to www.taxcredits.howardcountymd.gov.
The State of Maryland also provides for exemptions including those for disabled veterans and blind per-sons. More information is available at SDAT Tax Credits.
Homestead Tax Credit
The Homestead Credit limits the annual increase in taxable assessment on owner-occupied residential property to a fixed percentage. When selling a home that the owner has occupied for some time, be sure to inform your buyer of potential property tax in-creases. Tax bills show the difference between the amount paid by the current homeowner, and the amount that the new purchaser will be assessed in the next tax cycle.
