Bill > HB579

This bill aims to provide property tax relief for senior homeowners in Baltimore County by exempting the first $50,000 of a home's assessed value from state property tax for those aged 65 and older who qualify for the existing homestead property tax credit, which is a credit designed to limit the increase in property taxes due to rising assessments. Additionally, for these senior homeowners in Baltimore County, the bill alters the calculation of the homestead property tax credit by setting the credit percentage at 100% for state, county, and municipal property taxes, ensuring a more significant tax reduction. Furthermore, the bill mandates that Baltimore County's governing body must grant a credit against county property taxes for homeowners aged 65 and older who meet certain qualifications, specifically a credit equal to the tax on the first $50,000 of their home's assessment. These changes are set to take effect on June 1, 2026, and apply to taxable years beginning after June 30, 2026.

Budget and Finance

https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0579?ys=2026RS