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Homeowners' Property Tax Credit Program
The City of Rockville offers a supplemental credit to the State of Maryland's Homeowners' Tax Credit Program. This State administered program provides real property tax credits to low- and moderate-income residents for property taxes on their principal residence. Under the City's current Program, households with gross incomes up to $85,000 per year and a household net worth of less than $200,000 (not including the value of the home or qualified retirement savings) could qualify for tax relief on the first $400,000 of their home's assessed value. For low-income households, the credit could be several hundred dollars, with a maximum credit of the total City tax due on the first $400,000 of assessed value.
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 for submission of the application has been extended to Oct. 31, 2011.
Senior Property Tax Credit: If you are eligible for any of the State, Montgomery County or City of Rockville credits, and you are at least 70 years of age, you will automatically receive this credit as well.
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.
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.
Last Updated:09/06/2011