Homeowners' Property Tax Credit Program

The City of Rockville’s fiscal year 2008 budget continues the Homeowners’ Tax Credit Program to provide tax relief to the City’s low- and moderate-income taxpayers. Many households with annual gross incomes of up to $70,000 may qualify for this credit on their fiscal year 2008 real property tax bills. For very low household incomes, the credit eliminates the City tax due on the first $300,000 of assessed value. The amount of credit decreases as gross household income rises, until reaching zero at $70,000.  

The Homeowners’ Tax Credit Program was first approved in the City’s fiscal year 2006 budget and supplements the State of Maryland Homeowners’ Tax Credit Program. In fiscal year 2007, approximately 630 households received an average credit of $308 on their municipal tax bill. 

To be eligible for the tax credit, a detailed application must be submitted to the State of Maryland’s Department of Assessments and Taxation.  The deadline has been extended to October 31, 2007.  An application is routinely sent to all homeowners who were recipients of the State tax credit in the previous year, and applicants must reapply for the credit each year.

The the application and more detailed information can be found on the Maryland State Department of Assessments and Taxation Web site, www.dat.state.md.us.

• Homeowners' Property Tax Credit Instructions and Application (Form HTC-60)
• Homeowners' Property Tax Credit Program Frequently Asked Questions (English and Spanish)

For more information on the Homeowners’ Tax Credit Program, please call the City of Rockville’s Department of Finance at 240-314-8400 or the Maryland Department of Assessments and Taxation at (toll free) 1-800-944-7403.