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
$
0
homeowner may claim credit for only one
county supplemental tax credit, applicants are
9,000
40
principal residence.
only required to file this application form (Form
10,000
80
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.