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Council considers raising local homeowner tax-credit cap from $350,000 to $400,000
Summary
The administration proposed increasing the county supplement threshold for the homeowner property tax credit from $350,000 to $400,000 to preserve eligibility for households whose assessments have risen since 2006.
Anne Arundel County officials proposed on July 15 to increase the county supplement cap for the homeowner property tax credit from a maximum assessed value of $350,000 to $400,000, a change the administration said would expand eligibility for residents who meet state income and asset limits but whose home valuations increased over time. “...this will now jump up and allow you to still, meet the credit,” Budget Officer Chris Trumbauer…
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