Maryland's income-based Homeowners' Property Tax Credit is available when combined household income is $60,000 or less. Apply by October 1, or by April 15 to have the credit on the July bill.
Maryland's homestead credit caps taxable assessment increases at 10%, or a lower local cap, on a principal residence after a one-time application with the Department of Assessments and Taxation.
Maryland Mortgage Program down payment assistance is often a zero-percent deferred second loan, including a $6,000 option and 3% to 6% options, available through an approved lender.
Appeal a Maryland reassessment within 45 days of the notice, first to SDAT at the supervisor level, then to the local Property Tax Assessment Appeals Board within 30 days of the final notice.
Maryland sellers must deliver a State disclosure or disclaimer form on or before the contract. If it arrives late, the buyer generally has 5 days after receipt to rescind in writing.
Maryland's state transfer tax is generally 0.5% of the consideration, or 0.25% paid entirely by the seller when a first-time Maryland home buyer occupies the home as a principal residence.