Heads up! With the significant increases in property values recently we are hearing from clients seeing their annual property tax assessments rising, some by significant amounts. Your settlement attorney likely reminded you to sign up for this when you closed on your home but many people forget to do it. Here’s the 411…
For our clients in Maryland:
Maryland has a program called the Homestead Tax Credit which limits the amount your annual property taxes can rise in any given year. You can check your status and apply for the program here
For our clients in DC:
You might be eligible for both an Assessment Cap Credit and a Homestead Credit. Learn more here
Reach out if you need assistance, we can connect you with right people to help.