Maryland Homestead Deduction | Eligibility application
Posted Jan 9, 2008 @ 1:18 pm, Viewed by 468 Visitors, Read 491 Times.Maryland homestead deduction 2008
The State of Maryland has decided to make all of their property owners re-apply for their Homestead Deduction. This deduction limits the increase in your property assessment on which the State can make you pay taxes, and thereby curtailing the amount of the increase in your property taxes.
Property owners should have received or will be receiving their assessments for 2008. Within the envelope is the standard Assessment Notice and two additional pages. Look for the page that informs land property owners that everyone must apply to “continue” receiving their Homestead Deduction. Those who have not received it yet must also apply to “begin” receiving the deduction. The third page is the actual paper application for the deduction. The deadline is 4/1/08. You can also go to the website www.dat.state.md.us
and click on the link “Homestead Eligibility Application”. Make sure you locate your unique code located at the top of the form. Homestead Deductions only apply to your primary residence, investment properties are not considered.
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TWO THIRDS DO NOT HAVE TO FILE THIS YEAR. **Homeowners whose properties are not in that one-third of the county being reassessed this year can wait until their properties are assessed in the next two years to submit an application.