Form Htc-60 - Homeowners' Property Tax Credit Application

2014 HOMEOWNERS’ PROPERTY TAX CREDIT

Instructions and Application Form HTC-60

State of Maryland

Department of Assessments and Taxation

Filing Deadline - September 1, 2014

GENER L INSTRUCTIONS

ELIGIBILITY

If you do not understand the table, or if

you have any further questions about whether

The State of Maryland provides a credit for the

A new application must be filed every year if

the tax limit for your specific income level will

real property tax bill for homeowners of all ages

you wish to be considered for a tax credit.

qualify you for a property tax credit,then call

who qualify on the basis of gross household

The following table will help you determine if

the Homeowners’ Tax Credit Program at the

it is worthwhile to apply. If the actual property

income. Since eligibility for the program is based

telephone number shown on the next page

taxes on your home (based on no more than

upon income, it may be convenient for you to

under section “Information and Assistance.”

$300,000 of assessment) exceed the “Tax Limit”

complete this form at the same time you are

amount shown on the table for your 2013 gross

preparing your federal and Maryland income tax

household income, you may be eligible for a

OTHER REQUIREMENTS

returns. Applications are processed by the Tax

credit and are urged to file this application.

BEFORE FILING

Credit Section of the Maryland Department of

Assessments and Taxation.

Actual taxes eligible for this credit do not

You must satisfy four basic legal

include fixed metropolitan charges which

requirements before your eligibility

COUNTY SUPPLEMENT L

may appear on your tax bill for such services

according to income can be considered:

T X CREDITS

as sewer, water, and improvement

1. The dwelling for which application is

In addition to the State of Maryland’s Home-

repayments, and do not include taxes for

being made must be your principal

owners’ Tax Credit, county supplemental tax

excess land acreage or other buildings, or

residence, where you reside or expect to

portions of buildings used for business

credits are available to eligible homeowners in

reside for more than 6 months of the tax

purposes. The chart is a guide only, and the

Anne Arundel Co., Baltimore Co., Calvert Co.,

year, including July 1, 2014 unless you

exact amount of your income and property

Caroline Co., Carroll Co., Charles Co., Frederick

are unable to do so for reasons of illness

tax will be used to determine your eligibility.

Co., Garrett Co., Harford Co., Howard Co., Kent

or your need of special care or unless you

If you submit an application, the State will

Co., Montgomery Co., Washington Co., the City

just recently purchased your home.

determine your eligibility.

of Gaithersburg, the City of Rockville, the City of

An individual who permits pursuant to a

Bowie, the City of College Park, the City of

court order or separation agreement a

2013 Combined

Greenbelt and the City of Hyattsville. The county

spouse, former spouse or children of that

Gross Household Income

supplemental tax credits are administered by the

person’s family to reside in a dwelling in

Tax Limit

Before Deductions

State of Maryland Homeowners’ Tax Credit

which the individual has a legal interest

has met the residency requirement. A

Program. To apply for the State tax credit and/or

$1 - 8,000

homeowner may claim credit for only one

county supplemental tax credit, applicants are

9,000

principal residence.

only required to file this application form (Form

10,000

HTC-60).

2. You must have legal interest in the property.

11,000

120

Land installment sales contract purchasers,

12,000

160

Please note that the chart on this page is used

holders of a life estate, and beneficiaries of

only to determine eligibility for the State tax

13,000

225

certain trusts have sufficient legal interest.

credit. Some applicants may be eligible for a

14,000

290

3. Your net worth, excluding the value of the

county credit even though they may be ineligible

15,000

355

property for which credit application is

for a State credit based on income. To determine

16,000

420

being made and the cash value of IRAs or

eligibility for county supplemental tax credits

qualified retirement savings plans, must not

17,000

510

please call 410-767-4433 (Baltimore Metro Area)

exceed $200,000 as of December 31, 2013.

18,000

600

or 1-800-944-7403 (toll free).

4. Your combined gross household income

19,000

690

cannot exceed $60,000.

20,000

780

HOW CREDITS

RE GR NTED

If the four requirements above are met,

21,000

870

Any person submitting this property tax credit

the amount of tax credit due, if any, will be

22,000

application will receive one of the following:

960

calculated on the basis of the gross house-

d a credit directly on your July property tax

23,000

1,050

hold income for calendar year 2013.

bill if the application, which is properly

24,000

1,140

completed and which is not subjected to

25,000

1,230

LIMIT TIONS

audit, is received before May 1, 2014 or

26,000

1,320

d a refund if the bill has already been paid; or

The lesser of $300,000 of assessed value

27,000

1,410

d a written letter of denial stating the

or the total assessed value minus any

28,000

1,500

Homestead Credit, shall be used for

reason for ineligibility

29,000

1,590

calculating those taxes eligible for credit.

IMPORT NT INFORM TION

30,000

1,680

Property owners with large tracts of land will

have the credit limited to curtilage, which is that

Please note that if your application is filed after

and up to a

amount of taxes on the land necessary for the

May 1, 2014 you should not expect to receive

maximum

dwelling and does not include excess acreage.

any tax credit directly on the July 1, 2014 tax

of $60,000

The credit shall be limited to that portion of the

bill. You are advised to pay the tax bill as shown

For each additional $1,000 of income add

dwelling used only for the applicant’s

if you wish to receive the discount for early

$90 to $1,680 to find the amount that your

residential purposes. Any metropolitan or

payment offered by Baltimore City and some

tax must exceed.The gross household income

fixed charges which may appear on the bill

counties.

cannot exceed $60,000 in order to be eligible

are not taxes eligible for credit.

for a tax credit.

Form Htc-60 - Homeowners' Property Tax Credit Application - 2014 Page 2

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