Legislation Details

Reference No. CB-074-2025    Draft No. 1
Type: Council Bill Status: Enacted
Meeting Body Government Operations and Fiscal Policy Committee
Meeting Date 11/10/2025
Introduced Date 10/14/2025 Public Hearing Date 11/10/2025 @ 11:00 AM
Effective date: 1/12/2026    
Title: AN ACT CONCERNING HOMESTEAD PROPERTY TAX CREDIT for the purpose of establishing the homestead property tax credit for the County property tax for the taxable year beginning July 1, 2026, as required by State law.
Proposers/Sponsors: County Executive, Shayla Adams-Stafford, Calvin S. Hawkins, Wanika Fisher, Krystal Oriadha, Ingrid S. Watson
Code sections: 10-241.02 -
Attachments: 1. CB-074-2025 - signed pdf, 2. B2025074, 3. CB-074-2025 Summary, 4. CB-074-2025 Report, 5. CB-074-2025 PAFI, 6. CB-074-2025 OMB Comments, 7. CB-074-2025 Transmittal
Contact: Morgan E. Weisman, Office of Management and Budget

Title

AN ACT CONCERNING HOMESTEAD PROPERTY TAX CREDIT for the purpose of establishing the homestead property tax credit for the County property tax for the taxable year beginning July 1, 2026, as required by State law.

 

Background

This legislation will establish the homestead property tax credit for the County property tax for the taxable year beginning July 1, 2026, as required by State law. Based on the official Consumer Price Index (CPI) for June 2025, the Homestead Property Tax Credit needs to be set at 103% for the taxable year beginning July 1, 2026, based on the limit in Section 812(d) of the County Charter which caps growth at 105%. The Homestead Property Tax Credit was created to limit taxable assessment increases on a property owner's principal residence.