Maryland Property Tax Assessments, Phase 2
Maryland just released the 2023 property tax rates for properties in their Tier 2 areas. This includes cities like Dunkirk, Upper Marlboro, Leonardtown, Brandywine, and Bryan's Road among others. Northern Calvert, Western Anne Arundel, Western Howard County, and Western Charles Counties are affected. To check your County's assessment phase click here.
What's the big deal? Property taxes have increased approximately 20% over the previous assessment 3 years ago. If you don't have your primary residence registered in Maryland's Homestead Tax Credit program your property tax payments may jump up significantly over the next 3 years (assessments are phased-in). The tax credit program limits those increases to 10% year over year.
Keep that money in your pocket! You can check your Homestead Tax Credit enrollment yourself by visiting https://sdat.dat.maryland.gov/ or just send us a quick message to help you check. If you're ready to enroll in the program, visit https://sdathtc.dat.maryland.gov/.
Read the entire press release from the Maryland State Department of Assessments & Taxation here.
Upper Marlboro MD Homes for Sale - Samuel J Thomas and Genna Fleming, REALTORS® of The Milestone Team at EXIT 1 STOP REALTY
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