It’s Tax Credit Awareness Season!

The Maryland State Department of Assessments and Taxation (SDAT) is mailing 140,000 postcards encouraging low-income homeowners and ​renters to​ apply for property tax credits.

The Maryland State Department of Assessments and Taxation (SDAT) launched its 2023 Tax Credit Awareness Campaign, urging Marylanders to consider whether they may be eligible to receive homeowners’ or renters’ property tax credits. The online tax credit application system is the quickest and easiest way to find more information and submit an application. The deadline to file for both tax credits is October 1, 2023.

This month, SDAT is mailing 140,000 postcards to low-income Maryland homeowners who may be eligible but have not yet applied for credits. In addition, SDAT will send 5,700 postcards to known renters who have not already applied for the tax credit and non-subsidized rental companies to inform their tenants.

The Homeowners’ Property Tax Credit Program provides relief for eligible homeowners by limiting the amount of property taxes owed based on their income. If a resident has already paid their property taxes and applies before October 1, their county finance office will refund the amount of the credit.

The Renters’ Property Tax Credit Program provides tax relief for eligible renters who pay high monthly rent relative to their total income and do not receive federal or state housing subsidies or reside in public housing. The credit is issued through a direct check payment of up to $ 1,000 annually.

In 2022, more than 37,000 homeowners received an average of $1,501 in tax relief, and 6,004 renters received an average of $450 in tax relief. These two tax credit programs saved Marylanders over $58 million last year.

Many counties and municipalities also provide supplemental homeowners credits, which provide additional tax relief. If a resident is approved to receive the state credit, they will automatically receive any local supplemental credit for which they are eligible.

Visit the SDAT website for more information.