Oakland Homeowners: Don’t Miss Out on the Homestead Property Tax Credit!
If you own and live in your Oakland home as your principal residence, you may qualify for the Homestead Property Tax Credit — The credit protects you from sudden property tax spikes and you only have to apply once.
Your property tax bill is based on the assessed value of your home. The state determines the value and updates it every three years. When your home is reassessed at a higher value, the credit caps how much your taxable value can rise each year - a maximum of 2% for the county portion and 3% for the town portion. Your bill goes up gradually instead of all at once:
✅ Apply today to lock in your protection from big annual tax increases.
- You must apply for the credit with the state's Department of Assessments and Taxation.
Local branch: Garrett County Courthouse
317 East Alder Street Room 106
Oakland, Maryland 21550
Hours: 8:00 to 4:30
301-334-1950
🔗 Link for the full info about the credit:
https://dat.maryland.gov/realproperty/pages/maryland-homestead-tax-credit.aspx
🔗 Link for online application link:
🔗 Link for paper application:
https://dat.maryland.gov/SDAT%20Forms/Homestead_application.pdf