Maryland Deed Drafting: Maryland In-Take Sheet Distinction Between Non-Arms Length and Arms Length Transaction
When a Maryland property deed is filed, the filing county requires an in-take sheet along with the Deed. Some counties have their own special in-take sheets (for example, Baltimore City) while others use the standard state of Maryland in-take sheet. One of the questions on the in-take sheet is whether the property transaction is a […]
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- Posted in Property Deed Anne Arundel Maryland, Property Deed Charles County Maryland, Property Law Baltimore, Property Law Maryland, Real Estate Lawyer Baltimore Maryland, Real Estate Lawyer Maryland
- Oct, 20, 2014
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Maryland Property Law Attorney: Maryland Homestead Credit Application
The Homestead Credit limits the yearly increase in taxable assessments for qualifying Maryland real property to 10% or less each year. However, not every county has the same percentage cap. For example many set the cap at 10% however Prince George’s County and Anne Arundel County set the cap currently at 2%. This credit can […]
Read More- Posted by reichertlegal
- Posted in Property Law Kent County Maryland, Property Law Maryland, Property Title Company Baltimore County, Property Title Company Prince George's County Maryland, Property Title Service Company Baltimore Maryland, Real Estate Lawyer Baltimore Maryland, Real Estate Lawyer Maryland
- Oct, 17, 2014
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Maryland Property Tax Appeal Lawyer: Can Maryland Reassess Property Value After Purchase?
No, Maryland Department of Assessments and Taxation cannot reassess because the property was purchased. Property is assessed every three years throughout the state of Maryland. The exception to this is if the property was improved (i.e. an addition, increased finished space, etc.) at which point the state could reassess in between the three year cycle; […]
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- Posted in Property Law Maryland, Property Tax Appeal Baltimore Maryland, Property Tax Appeal Maryland, Property Tax Appeal on Purchase of New Home, Property Title Company Baltimore County, Real Estate Lawyer Baltimore Maryland, Real Estate Lawyer Maryland, Tax Appeal Attorney Baltimore, Tax Appeal Lawyer Maryland
- Oct, 14, 2014
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Worcester County Deed Transfer Lawyer: Worcester Maryland Property Deed Transfer Requirements
There are several steps and decisions that must be made when properly filing a Maryland property deed. Besides all of the state requirements, Worcester County deed filings have the additional requirement: “Instruments transferring title. For any instrument that transfers title and/or effects a change in ownership on the real property tax records of SDAT (i.e. […]
Read More- Posted by reichertlegal
- Posted in Attorney Ocean City Maryland, Attorney Worcester County Maryland, Deed Filing Ocean City Maryland, Property Deed Maryland, Property Deed Worcester County Maryland, Property Law Maryland, Property Title Service Company Worcester County Maryland
- Oct, 04, 2014
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Maryland Deed Transfer Lawyer: Harford County Property Deed Transfer Lien Sheet/Certificate Requirement
Along with the state of Maryland requirements when filing a property deed, Harford County deed filings have the additional requirement: “County taxes, assessments and charges. Except as provided in RP § 3-104(c)(1)7 with respect to personal property taxes, except as provided in RP § 3-104(c)(4)8 with respect to transfers by assumption in July, August or […]
Read More- Posted by reichertlegal
- Posted in Deed Filing Harford County Maryland, Property Deed Harford County Maryland, Property Deed Maryland, Property Law Maryland, Property Title Service Company Harford County Maryland
- Sep, 22, 2014
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Maryland Property Law Lawyer: Maryland Homestead Credit Rates by County/Municipality
The Homestead Credit limits the yearly increase in taxable assessments for qualifying Maryland real property to 10% or less each year. However, not every county has the same percentage cap. For example many set the cap at 10% however Prince George’s County and Anne Arundel County set the cap currently at 2%. To discuss this […]
Read More- Posted by reichertlegal
- Posted in Homestead Credit Maryland, Property Deed Baltimore County Maryland, Property Deed Maryland, Property Law Maryland, Property Tax Appeal Baltimore Maryland, Property Tax Appeal Maryland, Property Title Service Company Maryland, Real Estate Lawyer Maryland
- Sep, 18, 2014
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Maryland Property Title Law: Conditions Necessary to Create Joint Tenancy Property Rights
When having a Maryland property deed drafted it may be legally preferable to create a deed as joint tenants. In order for a joint tenancy to exist the following four conditions must exist: 1. All tenants must acquire the property at the same time. 2. All tenants must have equal interest in the property. 3. […]
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- Posted in Deed Filing Kent County Maryland, Joint Tenancy Deed Maryland, Property Deed Baltimore County Maryland, Property Deed Baltimore Maryland, Property Deed Maryland, Property Deed Montgomery County Maryland, Property Deed Prince George's County Maryland, Property Law Maryland, Property Title Company Baltimore County
- Sep, 12, 2014
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Application for Maryland Homestead Tax Credit
Yesterday in this blog I wrote about the purpose of the Maryland Homestead Credit and a reader e-mailed me for the application, which is something useful to post in this forum. It is available on-line at this link. To discuss this and other property matters in Maryland, or to ensure your deed is drafted and […]
Read More- Posted by reichertlegal
- Posted in Homestead Credit Maryland, Property Deed Maryland, Property Deed Prince George's County Maryland, Property Law Maryland, Property Tax Appeal Baltimore Maryland, Property Tax Appeal Maryland, Property Title Company Baltimore County, Property Title Service Company Maryland, Property Title Service Montgomery County Maryland, Real Estate Lawyer Maryland
- Sep, 03, 2014
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Maryland Property Law Attorney: Purpose of the Maryland Homestead Credit
The Homestead Credit limits the yearly increase in taxable assessments for qualifying Maryland real property. Once the Maryland Homestead Credit is applied the county and municipality must limit taxable assessment increases to 10% or less each year. The Homestead Credit has no impact on the market value of the property, it is simply a cap […]
Read More- Posted by reichertlegal
- Posted in Homestead Credit Maryland, Property Law Maryland, Property Title Service Company Maryland, Real Estate Lawyer Baltimore Maryland, Real Estate Lawyer Maryland
- Sep, 02, 2014
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Maryland Property Title Transfer Attorney: How to Correct a Deed or Update it Upon Death of the Grantor
If you have a Maryland property deed that needs to be updated after the death of one of the owners, it may be possible to accomplish this by filing a Maryland Deed of Correction, also called a Corrective Deed. For example if the Grantor originally created a Life Estate Deed giving the Grantees title to […]
Read More- Posted by reichertlegal
- Posted in Property Deed Allegany Maryland, Property Deed Baltimore County Maryland, Property Deed Charles County Maryland, Property Deed Maryland, Property Deed Transfer Dorchester Maryland, Property Law Maryland, Property Title Service Company Anne Arundel Maryland, Property Title Service Company Baltimore Maryland, Property Title Service Company Frederick County Maryland, Property Title Service Company Howard County Maryland, Property Title Service Company Maryland, Property Title Service Montgomery County Maryland, Property Title Service Somerset Maryland, Property Title Services Kent County Maryland, Title Service Company Carroll County Maryland
- Aug, 26, 2014
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