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County committee finds senior property tax credit provides modest relief; recommends 3-year review
Summary
A citizen-appointed committee told the St. Mary's County Board of County Commissioners that the county's senior property tax credit is meeting its goals for older homeowners but carries modest cost to county finances; the committee recommended repeating the triennial review in three years.
The Senior Property Tax Credit Review Committee presented its triennial evaluation to the Saint Mary's County Board of County Commissioners on March 4, 2008, concluding the program provides modest tax relief to qualifying older homeowners while producing manageable revenue impacts for the county.
The committee chair, Sandra Wheeler, told commissioners the program, which began in 2005, provides a credit to homeowners age 70 or older with adjusted gross income below $80,000. "The program offers property tax relief or a credit to our senior or older property owners," Wheeler said. The committee reported 869 participants over the first three years and calculated a total county cost of about $149,000 for that…
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