Maryland's
homestead property tax credit is a cap that helps protect people from
being taxed out of their homes during times of rising property
assessments. The default cap is 10% but most counties in Maryland have
chosen a much lower percentage to better protect their homeowners. Now
that property values are recovering, it is time for Montgomery County's
homeowners to have better protection. Five percent is a cap level
that has worked well in counties across the state and even in the Town
of Kensington.
The Montgomery County Council has never chosen to protect homeowners in this way, but our Montgomery County Delegates and Senators can do it by passing MC 28-16 (HB1078), a bill limiting assessment increases to 5%.
To add your signature to the over 350 signers of the change.org petition, go to:
https://www.change.org/p/maryland-state-house-protect-montgomery-county-homeowners-by-capping-assessment-increases-at-5
You can also leave a comment when you sign the petition.
The Montgomery County Council has never chosen to protect homeowners in this way, but our Montgomery County Delegates and Senators can do it by passing MC 28-16 (HB1078), a bill limiting assessment increases to 5%.
To add your signature to the over 350 signers of the change.org petition, go to:
https://www.change.org/p/maryland-state-house-protect-montgomery-county-homeowners-by-capping-assessment-increases-at-5
You can also leave a comment when you sign the petition.
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