BUSINESS
Jamie Smith Hopkins | April 3, 2012
Getting a break on your bill from the Homestead Property Tax Credit? If you're among the 150,000 or so who haven't yet applied for the credit, a new(ish) one-time requirement, then make sure you get that form in by the end of the year. Those who miss the deadline will lose their credit in the 2013 tax year , which begins July 1 of next year. Poof, gone. The good news for confused homeowners who do manage to miss out is that you can at least get your credit restored for the 2014 tax year -- the amount you would have gotten if you had applied on time, rather than starting from scratch.
NEWS
August 24, 2011
Butchers Hill property owner Alex Stroh had the right question about The Sun's comparison of two public databases that found hundreds of vacant Baltimore properties getting a tax break for owner-occupied homes: "Why couldn't the city just do that?" According to a report by Scott Calvert and Jamie Smith Hopkins , at least $325,000 in credits was at stake - not a fortune in terms of the city's overall finances, perhaps, but enough to at least partially restore some of the services that have been eliminated in recent budget cutting.
NEWS
By Mary Gail Hare and Mary Gail Hare,mary.gail.hare@baltsun.com | December 7, 2008
In an effort to provide tax relief to homeowners, Republican Sen. Barry Glassman has filed a bill to freeze at current levels those properties due for re-assessment in 2009 and to recalculate assessments completed in the last five years so that those reflect today's market values. The proposal would mean the properties along the Route 40 corridor would remain at the assessment level established three years ago rather than go through the process, scheduled to begin in January and likely to show an increase in value.
NEWS
By Andrew A. Green and Andrew A. Green,Sun reporter | September 5, 2007
Thousands of property owners might be getting improper tax breaks on second homes and rental properties, and more than 1,100 out-of-state companies might be doing business in Maryland without registering or paying required fees, according to a legislative audit released yesterday. The state is instituting a new application procedure to ensure that Maryland residential property owners get homestead credits - which limit annual property tax increases - only on their principal residences, as the law requires.
NEWS
By Lane Harvey Brown and Lane Harvey Brown,SUN STAFF | January 4, 2004
While the highest assessments in more than a decade are arriving in the mail to one-third of Harford's property owners, the county isn't preparing for a major boost to its coffers. "It helps the county grow revenues to cover inflation," said budget director John J. O'Neill Jr. "It's not a big windfall for the county. It doesn't give us a big pot of money." The state Department of Assessments and Taxation, which reassesses one-third of the properties in each of the state's 24 jurisdictions each year, mailed out new assessments last week to more than 645,000 properties, 22,500 of which are in Harford, said Jerrald Simmers of the state Department of Assessments and Taxation.
NEWS
By Michael Dresser and Michael Dresser,SUN STAFF | August 3, 2003
A Maryland state employee identified as No. 004577 was laid off last week. According to records released by Gov. Robert L. Ehrlich Jr.'s office, that employee earned $59,746 a year as supervisor of property maps in the Department of Assessments and Taxation. The supervisor's termination - along with the layoffs of about 80 additional state employees and the abolishment of 879 vacant positions to help cut $208 million from the state budget - leaves questions about how the state and those who depend on its services will adjust.