Watch on your mobile device >>
A
surprisingly small number of homeowners across the State of Maryland have
applied for the Homestead Tax Credit this year and it comes at a time when many
are still working to improve their individual financial situations. Through the
end of this year, homeowners have the ability to log onto the state’s
Department of Assessments and Taxation website to 1) check whether they have
filed for the tax credit during the past five years and 2) file if not done so
already.
The financial ramification of not doing so is fairly significant. So much so that for residents of Baltimore County and Baltimore City – the expected increase of taxation can be as high as 4%. The number is even higher for those homeowners that reside in Harford County, with an increase of up to 8% possible.
Rather than face the potential of that much more expense year after year, homeowners can simply visit the Department’s website at www.dat.state.md.us, click on Real Property Data Search and check to see if an application has already been filed or click http://sdatcert3.resiusa.org/
Among other things, the application form will have information about your property’s access number and the property account number as well, important pieces necessary to move forward with the Homestead Tax Credit process. These two will allow the form to be submitted online, resulting in an email confirmation number – otherwise not available when applied via snail mail.
Rather than regret it later, we would like to strongly suggest to all homeowners in our area that they visit the Department website, check to see whether they need to apply for the Homestead Tax Credit and get it done as soon as possible.
As stated in this letter by the State of Maryland’sDepartment of Assessment and Taxation, more information about the application is found on the website under Homestead Eligibility Application in the center column of the home page.
The financial ramification of not doing so is fairly significant. So much so that for residents of Baltimore County and Baltimore City – the expected increase of taxation can be as high as 4%. The number is even higher for those homeowners that reside in Harford County, with an increase of up to 8% possible.
Rather than face the potential of that much more expense year after year, homeowners can simply visit the Department’s website at www.dat.state.md.us, click on Real Property Data Search and check to see if an application has already been filed or click http://sdatcert3.resiusa.org/
Among other things, the application form will have information about your property’s access number and the property account number as well, important pieces necessary to move forward with the Homestead Tax Credit process. These two will allow the form to be submitted online, resulting in an email confirmation number – otherwise not available when applied via snail mail.
Rather than regret it later, we would like to strongly suggest to all homeowners in our area that they visit the Department website, check to see whether they need to apply for the Homestead Tax Credit and get it done as soon as possible.
As stated in this letter by the State of Maryland’sDepartment of Assessment and Taxation, more information about the application is found on the website under Homestead Eligibility Application in the center column of the home page.
~
If
you have any questions about the Homestead Tax Credit, or anything else related
to real estate – please do not hesitate to call us at 410-638-9555. We look
forward to assisting you in any way we can!
No comments :
Post a Comment