Maryland Homestead Property Tax Credit

Maryland State Department of Assessments and Taxation

Available Property Tax Relief

About This Program

Maryland Homestead Property Tax Credit is available to homeowners in Olney, MD.

Caps annual property assessment increases at 10% statewide for owner-occupied principal residences. Montgomery County further limits increases to 10% or the CPI, whichever is lower. One-time application stays in effect while you own the home.

Caps assessment increase protecting against large tax hikes

Verified against Maryland State Department of Assessments and Taxation's official page on 2026-06-17.

Data last verified 2026-06-09. How we verify our data.

In Olney, MD, you can combine this program with other local help to cut your cost:

Key Details

  • Caps annual property tax assessment increases
  • Montgomery County limit: 10% or CPI, whichever is lower
  • One-time application stays in effect
  • Must be owner-occupied principal residence
  • No income requirements

How to Apply

A grant-savvy contractor in Olney, MD can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.

Your application paperwork

Documents you will likely need

  • Your federal tax return for the year of the work (this benefit is claimed on your taxes, not through a separate application).
  • Proof you own and live in the home (deed, recent mortgage statement, or property tax bill).
  • A government-issued photo ID for every owner on title.
  • The program's own application form, completed (use the official link or phone number on this page).

Requirements vary by program and locality. Confirm the exact rules on the official program page. We can help you prepare your paperwork, but you submit it yourself.

Deadline: Apply before October 1 for following year

Questions about this program?

Ask us. It is free, and a real person answers within a business day.

Email us about this program

Frequently asked questions

Who qualifies for Maryland Homestead Property Tax Credit in Olney?

Maryland Homestead Property Tax Credit is open to homeowners in Olney, MD. It has no income limit.

How do I apply for Maryland Homestead Property Tax Credit in Olney, MD?

Apply directly with Maryland State Department of Assessments and Taxation using the official program link on this page or call (410) 767-1170. There is no middleman and no fee. Deadline: Apply before October 1 for following year.

Need a Contractor for This Grant?

Grant-approved contractors understand the documentation, inspections, and timelines, so your funding releases on schedule.

Find More Programs in Olney, MD

This is just one of many grants, rebates, and free programs available. Stack them together to maximize your savings.

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