County Executive Steve Schuh Signs Veterans Property Tax Credit Legislation
“This tax incentive is our way of thanking our veterans for their bravery and service to our nation,” said Schuh. “I hope this new law will demonstrate our continued commitment to being a County that our veterans can call home.”
The ordinance allows a retired veteran who owns a home with an assessed value of $500,000 or less to apply for the credit. The credit would be worth 15% off the property tax owed on a home. Residents must apply for the property tax credit by April 1 to be eligible for the FY2020 credit.
Anne Arundel County is home to Fort Meade, the National Security Agency, the Naval Academy, and a host of other military assets. More than 50,000 veterans reside in the County.