Legislation Details

Reference No. CB-125-2026    Draft No. 1
Type: Council Bill Status: Presentation and referral
Meeting Body County Council
Meeting Date 9/15/2026
Introduced Date Public Hearing Date
Effective date:    
Title: AN ACT CONCERNING HOMESTEAD PROPERTY TAX CREDIT for the purpose of establishing the homestead property tax credit percentage for Prince George’s County at one hundred four percent (104%) for the taxable year beginning July 1, 2027; and generally regarding the homestead property tax credit.
Proposers/Sponsors: County Executive
Code sections: 10-241.02 -
Attachments: 1. B2026125, 2. CB-125-2026 Summary, 3. CB-125-2026 Transmittal
Contact: David Juppe, Office of Management and Budget

Title

AN ACT CONCERNING HOMESTEAD PROPERTY TAX CREDIT for the purpose of establishing the homestead property tax credit percentage for Prince George’s County at one hundred four percent (104%) for the taxable year beginning July 1, 2027; and generally regarding the homestead property tax credit.

 

Background

This legislation will establish the homestead property tax credit for the County property tax for the taxable year beginning July 1, 2027, as required by State law. Based on the official Consumer Price Index (CPI) for June 2026, the Homestead Property Tax Credit needs to be set at 104% for the taxable year beginning July 1, 2027, 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.