Maryland’s Homeowner’s Property Tax Credit program is administered by the State and granted to eligible homeowners of all ages. The program provides tax credits for homeowners who meet certain household income and net worth limits.
• Eligible maximum household income to qualify is $60,000.
• The maximum assessment to which the credit applies is $300,000.
• The cash value of any qualified retirement plan or individual retirement account is not considered in the Net Worth calculation for the purpose of eligibility for the credit.