In accordance with the provisions of § 9-260 of the Tax-Property Article of the Annotated Code of Maryland, an eligible individual (as defined in Subsection A above) may receive a credit against the County property tax imposed on their dwelling, subject to the following:
The dwelling for which a property tax credit is sought has a maximum
assessed value of $300,000 at the time the eligible individual first
applied for the credit under this section; and
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 article, 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.