Q: When are Howard County property taxes due for FY 2025?
A: Real property taxes are billed annually on July 1, 2024, with the full amount due by September 30, 2024. Property owners can opt for semi-annual payments, with the second installment due by October 1, 2024.
Q: What tax credits are available and how do I apply?
A: Howard County offers several tax credits including Homestead Credit (caps assessment increases), Senior Citizen Credit (age 65+), Veterans' Credit, and Disabled Veterans' Credit. All credits require separate applications filed with the State Department of Assessments and Taxation, typically by January 1st of the tax year.
Q: How does the Homestead Credit work?
A: The Homestead Credit limits annual assessment increases to 10% for owner-occupied homes. This credit caps assessment growth, not market value. You must file an application - it's not automatic. The credit continues as long as you own and occupy the home as your primary residence.
Q: When are properties reassessed in Howard County?
A: Maryland conducts property assessments on a three-year cycle. Howard County properties are reassessed every three years, with the most recent countywide reassessment affecting tax bills starting July 2024. Interim assessments may occur for new construction or major improvements.
Q: How do I appeal my property assessment?
A: Assessment appeals must be filed with the Property Tax Assessment Appeal Board within 45 days of receiving your assessment notice. Appeals can be filed online through the Maryland Department of Assessments and Taxation website or by mail.
Q: What are the penalties for late property tax payments?
A: Late payments incur interest charges of 1.5% per month (18% annually) on the unpaid balance. Additionally, properties with taxes delinquent for more than six months may face tax lien proceedings.
Q: Can I pay my property taxes online?
A: Yes, Howard County accepts online payments through MuniciPay. There's a $1.00 convenience fee for e-check payments and 2.35% fee ($2.00 minimum) for credit or debit card transactions.
Q: How do special taxing districts affect my bill?
A: Properties in special districts for services like street lighting, storm water management, or community facilities pay additional assessments ranging from $0.10 to $0.28 per $100 of assessed value, depending on the services provided in your area.
Q: What happens if my escrow account doesn't cover my full tax bill?
A: Property owners remain responsible for any shortfall between escrow payments and actual taxes due. You'll need to pay the difference directly to avoid late penalties, and your lender will typically increase future escrow payments to prevent shortfalls.
Q: Are there tax credits for disabled property owners?
A: Yes, disabled veterans and disabled individuals may qualify for property tax credits. The Disabled Veterans' Credit and other disability-related credits require application and documentation of disability status through the State Department of Assessments and Taxation.
