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Category: Tax

County Council Considering Changes to the Homestead Tax Credit Cap

County Council Member Davis is proposing to add a question to the November ballot to change the County Charter and amend the homestead tax credit cap that was passed in the early 1990s.  Charter changes require legislation.  A formal public hearing would be held on July 21st.  At that time, the County Council can decide […]

Tuesday June 23rd, 2020 in Tax | Comments Off on County Council Considering Changes to the Homestead Tax Credit Cap

Despite Reduced College Park’s Tax Rate, Your Tax Bill May Still Go Up. Homestead Tax Credit Will Help

In case you haven’t applied for the Homestead tax credit application, please do so before the May 1st deadline. This is required if you want to start getting the credit beginning the 2019-2020 tax year. You’ll only need to apply once. The Homestead Tax Credit law limits the amount of assessment increase on which eligible […]

Monday April 29th, 2019 in Tax | Comments Off on Despite Reduced College Park’s Tax Rate, Your Tax Bill May Still Go Up. Homestead Tax Credit Will Help

College Park Reduces Tax Rate for Home Owners

At last Tuesday night’s meeting, the College Park City Council decided to lower the homestead tax credit rate to 0%. With this change, College Park will not charge extra tax from its property owners when their property values will go up next year. I was very happy to support giving more tax breaks to our […]

Thursday October 12th, 2017 in Tax | Comments Off on College Park Reduces Tax Rate for Home Owners

Despite Low Assessment, Many May Not See a Smaller Tax Bill

Last weekend, I met a resident, who told me that his tax bill did not go down a lot despite the fact that his property value went down after County’s last assessment. This led me to investigate the issue and get me in touch with folks who have been following this closely. If you are […]

Monday August 12th, 2013 in Tax | Comments Off on Despite Low Assessment, Many May Not See a Smaller Tax Bill