MD Homestead Deadline is Dec. 31

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    5335 Wisconsin Avenue, NW, Suite #700, Washington, DC 20015

    Phone: (202) 362-1500 Fax: (202) 362-5901 Website:www.federaltitle.com

    MD Homestead Eligibility Application Deadline is December 31, 2012

    FOR MARYLAND HOMEOWNERS WHO WISH to submit their one-time application to confirm eligibility for the

    homestead tax credit, the deadline is finally approaching.

    Every principal residence homeowner in Maryland should follow these steps to make sure that their property is

    registered and eligible for the homestead tax credit:

    Step 1: CHECK YOUR STATUS.

    Visit the Maryland State Department of Assessments & Taxation (SDAT) Real Property Data Search page.Select the county and search either by Street Address, Map/Parcel, Property Account Identifier or Property

    Sales (typically Street Address is the easiest way to search).

    Once you have entered the information, the tax record for your property will appear. At the bottom of therecord, a separate category appears called Homestead Application Information, and beneath that category is theHomestead Application Status.

    There are four status categories: Approved (with date of approval); Application received (but not yet

    processed); No application; or Application denied.

    If your application is listed as approved, you previously filed the homestead and have nothing further to do. If it

    is "received," you should check back to make sure it is approved. If your status states "no application," continueto Step 2. If the application has been denied and you disagree with the denial, you should contact the

    Homestead Division to contest the denial:

    Contact the Homestead DivisionTelephone: 410-767-2165

    1-866-650-8783

    Fax: 410-225-9344Email: [email protected]

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    5335 Wisconsin Avenue, NW, Suite #700, Washington, DC 20015

    Phone: (202) 362-1500 Fax: (202) 362-5901 Website:www.federaltitle.com

    Step 2: FILE THE HOMESTEAD ELIGIBILITY APPLICATIONThere are three ways to file the Homestead Eligibility Application:

    1) File electronically. To file electronically, you will first have to send an email request [email protected] your email, make sure to include the following information: the purpose of the email (to electronically file the

    Homestead Eligibility Application), your name, property address and county.

    You will receive an email response with your real property account number and an access number with a

    link to file electronically and will need to enter both the account number and the access number in orderto use the link.

    It could take up to a week to receive a response back after you submit your request. Immediately uponfiling through the link, you will receive back an automated email confirmation, which you should keepfor your records.

    2) File by mail. To file by mail, print and mail the completedapplicationto:Department of Assessments and Taxation

    Homestead Tax Credit Division

    301 West Preston Street, 8th

    Floor

    Baltimore, MD 21201

    3) File by fax. You can also print out the application using the above link and fax in the application to 410-225-9344. Make sure you keep a fax confirmation.

    Do not print out the application, complete it and email it to SDAT. The only way to file electronically is to

    follow the above directions they will not accept a scanned and emailed application.

    After submitting your application, keep checking your SDAT records by following Step 1 above to make sure

    that your application is approved. It can take several weeks from the application submission before the statusshows up as approved, so make sure to keep copies of all correspondence.

    - More -

    http://www.federaltitle.com/http://www.federaltitle.com/http://www.federaltitle.com/mailto:[email protected]:[email protected]:[email protected]://www.dat.state.md.us/sdatweb/homestead_application.pdfhttp://www.dat.state.md.us/sdatweb/homestead_application.pdfhttp://www.dat.state.md.us/sdatweb/homestead_application.pdfhttp://www.dat.state.md.us/sdatweb/homestead_application.pdfmailto:[email protected]://www.federaltitle.com/
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    5335 Wisconsin Avenue, NW, Suite #700, Washington, DC 20015

    Phone: (202) 362-1500 Fax: (202) 362-5901 Website:www.federaltitle.com

    BACKGROUND:

    Maryland properties registered as a homestead cannot see their taxable assessed value increase beyond a certain

    cap, which is 10% or less depending on the county.

    But as home prices were soaring in the mid-2000s, the Department of Assessments & Taxation became

    concerned that too many homes that were not eligible for the homestead were benefitting from the cap.

    In the 2007 session of the Maryland General Assembly, lawmakers passed legislation that required homeowners

    to submit a one-time application to confirm their eligibility for the homestead tax credit even if their homehad been previously registered in hopes of discovering homes that were no longer eligible for the cap.

    The deadline for filing the application was set 5 years into the future December 31, 2012.

    The irony is that one of the main reasons for this legislation has mostly passed because assessments have

    steadily declined over the last five years.

    by Joe Gentile

    Vice President, Federal Title

    [email protected]

    (202) 362-1500

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    http://www.federaltitle.com/http://www.federaltitle.com/http://www.federaltitle.com/mailto:[email protected]:[email protected]://www.federaltitle.com/