Have you heard of the Aging in Place Tax Credit under County Bill 52-2022?
This tax credit, equal to 20% of the eligible county tax, is designed to reduce property taxes for older adults who have lived in the same home for many years and meet additional eligibility criteria. The eligible Howard County tax is the amount of tax on the lesser of $650,000 or the assessed value of the dwelling reduced by the amount of any assessment on which a property tax credit is granted.