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Anne Arundel Council reviews expansion of county homeowners' property tax credit
Summary
The Anne Arundel County Council on Sept. 9 discussed Bill 65-25, an administration proposal to raise the county supplement’s assessed-value limit for the homeowner property tax credit from $350,000 to $400,000 and to adjust income thresholds.
The Anne Arundel County Council on Sept. 9 discussed Bill 65-25, an administration-sponsored amendment to the county supplement of the state's homeowners’ property tax credit program that would raise the assessed-value threshold for the local supplement from $350,000 to $400,000 and adjust income thresholds.
Administration fiscal analyst Ethan Hunt said the bill “amends the local supplement to the homeowner's property tax credit program, increasing the threshold on the assessment of the home value from 350 to $400,000,” and noted the measure was previously discussed and amended to adjust income thresholds. Brian Schenk, Financial Services Manager in the Office of Finance, told council members he prepared spreadsheets showing tax impacts and that the change…
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