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Takoma Park, Habitat and other speakers urge Montgomery County to expand homeowners’ tax credit eligibility
Summary
At a March 4 public hearing on Bill 3-25, local officials and housing advocates urged the County Council to raise income, asset and assessed-value caps for the county supplemental homeowners’ tax credit and to include an automatic inflation adjustment.
The Montgomery County Council heard public testimony March 4 on Bill 3-25, a proposal to amend eligibility and amounts for the county supplemental homeowners’ property tax credit.
Speakers representing municipal government, nonprofit housing organizations and residents told the council the current program thresholds are out of date and exclude many lower-income homeowners who face rising property tax burdens.
“The current income eligibility thresholds are woefully out of date,” said Maya Talisha Searcy, speaking for the City of Takoma Park, urging changes to income limits, net-worth caps, the assessed-value cap that the credit applies to, and an annual adjustment tied to the consumer-price index so the credit does not erode…
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