If you live in Maryland and you own a home (and are living in that home), you should have received an Application for Homestead Tax Credit Eligibility. An on-line version of the application is available directly from SDAT’s Web site:
http://www.dat.state.md.us/sdatweb/Homestead_application.pdf
The state was concerned about that some homeowners were claiming principal residence status for more than one Maryland property. Therefore, the Maryland legislature is now requiring everyone who is seeking to retain principal residence status for their home to fill in and submit the above form. This is a one-time process.  Loss of principal residence status will be automatic unless this form is submitted and approved, and that loss of status may result in higher future tax increases and less favorable tax treatment.
Comments on this entry are closed.