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County Executive Proposes Property Tax Relief for Seniors
|Annapolis, MD (February 16, 2007) - County Executive John R. Leopold today submitted legislation to the County Council that would grant additional property tax relief to thousands of senior citizens in the county who have lived in their homes for at least a decade.|
The legislation provides a bonus of 10 percent to a supplemental credit offered by the county to a state program known as the “circuit breaker” Homeowners’ Property Tax Credit. Eligibility is based on a sliding scale according to income, and is available for low-income residents.
“Any assistance that we can provide to senior citizens on fixed incomes to allow them to remain in their homes and protect them from soaring assessments should be provided,” County Executive Leopold said.
County Council Chairman Ronald C. Dillon Jr. added his support and said that, “This bill will provide property tax relief for seniors most in need.”
The bonus would apply to any resident 70 years old or older who has lived in their county home for at least 10 years. Last year, 4,038 County residents received the credit, and 2,823, or 66 percent, would be eligible for this credit.
The estimated cost of the tax credit to the county budget would be approximately $75,000 annually. The legislation is eligible for introduction as soon as next Tuesday.
“I would like to extend the bonus to citizens of all ages who are eligible for assistance, and intend to do so during my term when the County’s budget situation improves,” Mr. Leopold said.
As a state delegate, County Executive Leopold fought successfully to save the state’s Homeowners’ Property Tax Credit program.