Legislation Details

Reference No. CB-005-2022    Draft No. 1
Type: Council Bill Status: Failed
Meeting Body Sitting as the Committee of the Whole
Meeting Date 2/15/2022
Introduced Date Public Hearing Date
Effective date:    
Title: AN ACT CONCERNING PROPERTY TAX CREDIT FOR ELDERLY INDIVIDUALS for the purpose of establishing a property tax credit for certain elderly individuals.
Proposers/Sponsors: Thomas E. Dernoga
Code sections: 10-235 - Reserved
Attachments: 1. B2022005, 2. CB-005-2022 AIS, 3. CB-005-2022 PAFI, 4. CB-005-2022 OOL Comments
Contact: Colette Gresham, Associate Council Administrator

Title

AN ACT CONCERNING PROPERTY TAX CREDIT FOR ELDERLY INDIVIDUALS for the purpose of establishing a property tax credit for certain elderly individuals.

 

Background

Pursuant to the Annotated Code of Maryland, Tax-Property Article, Section 9-258, a property tax credit against the County property tax may be imposed on the dwelling of an eligible individual.  The proposed legislation establishes a property tax credit for individuals at least 65 years old who have lived in the same dwelling for at least 30 years with a maximum assessed value of $400,000 under certain criteria.