Cecil County, MD Tax Credit for Senior Citizens and Veterans

For purposes of this section, the following terms have the meanings indicated:

Has the same meaning as in § 9-105 of the Tax-Property Article of the Annotated Code of Maryland.

An individual who is at least 65 years old and has lived in the same dwelling for at least the preceding 40 years; or

An individual who is at least 65 years old and is a retired member of the uniformed services of the United States as defined in 10 U.S.C. § 101, the Military Reserves or National Guard; or

(3)

A surviving spouse, who is at least 65 years of age and has not remarried, of a retired member of the uniformed armed services of the United States as defined in 10 U.S.C. § 101, the Military Reserves, or the National Guard, who resides in the same dwelling as the eligible individual decedent spouse.

In accordance with the provisions of Tax-Property Article, § 9-258, of the Annotated Code of Maryland, an eligible individual [as defined in Subsections A(1), A(2), and A(3) above] may receive a credit against the County property tax imposed on their dwelling subject to the following:

(1)

The credit allowed under this section is 20% of the County property tax imposed on the dwelling;

(2)

The credit may be granted for a maximum of five years;

(3)

The dwelling for which a property tax credit is sought has a maximum assessed value of $400,000 at the time the eligible individual first applied for the credit under this section; and

(4)

An eligible individual must have a household taxable net income (adjusted gross income -prior year's federal tax return) of not more than $84,000 (equal to or less than 140% of the State of Maryland homeowners tax credit).

To receive a credit under this section, an eligible individual shall file an application with the Department of Finance and shall provide any other documentation as required by the Department of Finance.