Page 56 - April 2024 Issue.indd

income vs. tax limits. For the fastest • Henderson 5%
results apply online at http://
• Templeville 5%
www.taxcredits.sdat.maryland.gov.
Spot renewed automatically, so an application Contact the Caroline County Office
Senior Remember that this Tax Credit is not
of Finance, Tax division in Denton at
must be completed annually. Hard
copies should be mailed to the State 410-470-0410 or www.carolinemd.
org for more information about
Department of Assessments & Taxation, the Homestead Credit. Ask if your
Senior Moments Homeowners Tax Credit Program, P. O. municipality offers any additional
Box 49005 Baltimore MD, 21297. Th ose
by Mary Moran residential tax credits! If approved for
needing a paper copy can call 410-767- the Homeowners Tax Credit, you may
410-479-2535 or 410-490-3078
5900 to have one mailed or contact Mary automatically qualify for additional

There is good news as tax season winds Moran for assistance. county homeowners’ tax credits!
down! The Homeowners Property Tax

Homeowners may also be eligible to Renter’s Tax Credits are also available to
Credit Applications for 2024 are now
receive a Homestead Tax Credit on those who meet certain requirements.

available! The State of Maryland supplies
their principal residence. A Homestead A direct credit payment check of up to
a credit for the property tax bill for one’s
Credit limits the assessment increases $1,000 is possible. The average payout is

residential dwelling if it is the primary
on one’s property each year to a fi xed $450 for those with a net worth of less
residence for more than six months per
percentage rate. In Maryland, every than $200,000. This program is based

year. Applicants who have a legal interest
county and municipality is required to on the idea that renters indirectly pay
in the property must have a net worth,
cap assessment increases at 10% or less property taxes. The following charts
excluding the value of the property and
per year. 2023 County and Municipal reflect the criteria currently in use.

IRA’s or QRS plans, of not more than
Homestead credits for Caroline County
$200,000. Additionally, the combined
are as follows (sdat.gov): Over the age of 60 or 100% disabled
household gross income may not exceed
$60,000. It is best to apply before April • Caroline 5%
15 so any credits will be applied before
• Denton 3%
the initial July Tax Bill. Applications
received after April 15 will result in the • Federalsburg 10%

homeowner being billed for the full • Greensboro 10%
amount, and payment in full will be
• Hillsboro 5%

due as usual. After the normal process
is complete the homeowner will receive • Marydel 10%
the tax credit refund.
• Preston 10%
For more information go to www.dat. • Ridgely 5%
maryland.gov for a chart comparing
• Goldsboro 10%
Under the age of 60 with a dependent
TURNING 65?
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Let Me Help You!
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Specializing in Medicare Supplemental Plans,
Medicare Advantage Plans, Medicare Part-D Plans, Renters must apply before October 1.
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Call Ann Today for an Appointment 410-708-0899 • anthonyins17@gmail.com detailed information and to apply
online. Call 410-767-5900 to receive a
22850 Fleming Road, Denton, MD 21629
paper copy in the mail.
56