February 14, 2020
Media Contact:
Office of Finance - Tax Credits - 410-313-4076
ELLICOTT CITY, MD – Howard County Executive Calvin Ball announced today that the Aging-In-Place Tax Credit for residents will be accepting applications now through May 1st, 2020. The tax credit is designed to assist older adults to “age in place” by providing a 20 percent credit on up to $500,000 of assessed property value.
“In Howard County, we are committed to the ideal that everyone can age with dignity and enjoy the very best quality of life, that includes the opportunity to age in place," said County Executive Calvin Ball. "With an anticipated increase in our older adult population from 14 to 18 percent in the next 5 years, this tax credit is one financial incentive to allow residents to stay in their homes and offer more affordable living."
Residents are eligible for the Aging-In-Place Tax Credit if they are 65 years of age and:
- has lived in the same dwelling for at least the preceding 40 years OR
- is a retired member of the Armed Forces of the United States (Army, Navy, Air Force, Marines, or Coast Guard) with 20 years of active service OR
- is a surviving spouse of a retired member of the Armed Forces of the United States, with 20 years of active service, and is not remarried.
The credit may be granted for up to five years as long as the property owner remains qualified. A property owner cannot receive this credit and the Senior Tax Credit simultaneously.
Applications are accepted through May 1st, but residents are encouraged to apply as early as possible, since applications are accepted on a rolling basis. In previous years there were multiple deadlines for renewing and new customers, but by moving the deadline to May 1st, all residents will have the same time to apply this year and gather all supporting materials.
Residents can apply online here.