Property tax in Maryland

“The Homestead Credit limits the increase in taxable assessments each year to a fixed percentage. Every county and municipality in Maryland is required to limit taxable assessment increases to 10% or less each year. … The credit is calculated based on the 10% limit for purposes of the State property tax, and 10% or less (as determined by local governments) for purposes of local taxation. In other words, the homeowner pays no property tax on the market value increase which is above the limit.”

“Customers will normally receive a Notice of Assessment every three years that shows the old market value as well as the new market value. The new value reflects the current market influences, any additions or changes to structures on the property, along with any other conditions that may be affecting the property’s value since the time of its last assessment.”

“If you decide to appeal, the first step is to file your appeal either online using the control number found our your notice, or by returning the paper appeal form that was included with the notice to the local assessment office where the property is located. Appeals must be filed within 45 days of the notice date. … This appeal must be filed within 30 days from the date of the final notice you received as a result of the Supervisor’s Level hearing. … If you purchase a property and the property is transferred after January 1 but before July 1, you may file an appeal within 60 days of the transfer.”