New Tax Credit for Seniors in Prince George’s County

Prince George’s County recently passed a new Elderly Tax Credit designed to reduce the financial burden on Prince George’s elderly population. The tax credit can save senior citizens up to 20% on taxes. To be eligible, you must meet the following criteria:

1. One homeowner must be 65 years of age or older;

2. That homeowner must have resided at the residence for which he or she is paying taxes for at least ten years;

3. The home assessment value must not exceed $500,000; and

4. The application must be received by October 1, 2023.

The application for this tax credit can be found and submitted online. Click here to access the application.

To discuss this or other property matters in Maryland, call 410-299-4959 or e-mail sreichert@reichertlegal.com for a free confidential consultation.

PrinceGeorge’sAttorney #ElderlyTaxCredit #MarylandAttorney #MarylandLawyer #MDAttorney #MDLawyer #mdattorney #stephenjreichert #reichertlegal #MDlaw #MarylandLaw #BaltimoreAttorney #MarylandPropertyLaw #PGCountyTaxes