The Department of Finance’s Tax Compliance Office has issued its first quarter report on the results of its property tax compliance efforts which identifies nearly 5,000 accounts that should be corrected which could save the County up to $3.3 million in revenues each year.
Since the program was established in May 2012 by County Executive Ike Leggett, with the support of the County Council, it has generated actual revenues of more than $1.2 million.
“The Homestead Tax Credit program benefits many eligible homeowners every year,” said Leggett. “One of the requirements for eligibility is that the homeowner must reside in the home. Because I felt the County was losing millions of dollars annually due to credits being mistakenly issued, I created the Tax Compliance Office to work with the state to verify that credits are accurately issued.”
See more details about the Tax Compliance program or call 240-777-8860.
For information about the Homestead Property Tax Credit, go to http://www.dat.state.md.us/sdatweb/homestead.html.
