Reply to Marc Elrich…….told you so.

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[quote=Anonymous]
Property tax revenues are estimated to increase 2.7 percent in the FY23 approved operating budget with no increase in the effective property tax rate. [b]The average County homeowner will see only a $12.00 monthly increase, which is caused by rising assessments.[/b]The budget also includes a tax credit of $692 for all owner-occupied, principal residences.

There are multiple programs to assist homeowners with their tax obligation including the following:

Homeowners’ Property Tax Credit Program--This program is available to reduce taxes for those living on limited or fixed incomes.
County Supplemental Tax Credit--In addition to a State tax credit, households earning less than $60,000 (Section 9-104(j) of the Tax-Property Article of the Maryland Code) may be eligible for the County Supplemental tax credit, which, combined with a special property tax credit for eligible senior residents (65 years or older), averaged $1,167 last year and benefited over 4,079 County residents. 
Elderly Individual and Military Retiree Property Tax Credit--Another tax credit for eligible seniors is the Elderly Individual and Military Retiree Property Tax Credit, which is for residents at least 65 years of age who are either retirees from the Armed Services (or certain uniformed services), who are surviving spouses of deceased retirees from those Armed Services, or who have owned and lived in their owner-occupied homes for at least 40 years.  
Renter's Credit Program--The County also has a new Renter’s Credit program for all residents who qualify.

https://www.montgomerycountymd.gov/Finance/taxes/info.html[/quote]

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