State Auditors Examine Homestead Property Tax Credit Program

A recent Baltimore Sun investigation of the Homestead Property Tax Credit program that revealed that many property owners were erroneously receiving multiple credits has led to State auditors examining how well the program has been managed.  From the article:

Auditors have been at the Department of Assessments and Taxation for the past two weeks, said its director, Robert E. Young. The goal is to complete a review of the homestead credit program in time for next year’s General Assembly session, which starts in January, according to chief auditor Bruce Myers.

A separate team of state auditors will soon begin a second, broader review of the department — the long-scheduled “fiscal/compliance” audit that all state agencies go through every three years.

Young said Wednesday that he’s “comfortable and confident the department will receive good remarks from the auditors.”

Auditors have spent time at agency headquarters on Preston Street and visited its offices in Baltimore, Anne Arundel County and Worcester County, he said. The homestead program, open to homeowners across the state, effectively caps annual tax increases.

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