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Montgomery County Public Schools (MCPS)
Reply to "Property Tax Fraud: Can it affect MCPS funding?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I live close to a MoCo rental property that is claimed by the owner as a principal residence (according to SDAT). Is he just lazy or is this also a move that reduces his property tax contribution for public schools?[/quote] Yes this reduces their property tax payment. Less property taxes = less money for the County to allocate to schools. [/quote] Citation please.[/quote] Maryland Law[/quote] So how much would a landlord save in property taxes by claiming a $500,000 rental property as their primary residence? Or is it a just negligible amount and simply a matter of less paperwork for the owner? [/quote] They save 10%. In a 550k townhouse in Takoma Park, that's a savings of around $750 annually. https://dat.maryland.gov/realproperty/pages/maryland-homestead-tax-credit.aspx[/quote]
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