Maryland Homestead Credit Calculation

How is Homestead Credit calculated

How to adjust Homestead Credit

• MD Property Tax Billing

• Maryland

• Tax Bills (tmdbmtgn)

• Import State Data (tmdimpgn)

• Imported Parcels (tmdpcmgn)

• Homestead Credits

Maryland Tax Billing Homestead Credit are calculated on the fly, based on the difference between the individual Assessment amount (County, State, and/or Municipal Assessment) and the Total Assessment amount, multiplied by the individual charge code rate

Homestead Credit can be modified either through the Tax Bills program or by processing an Annual/Subsequent bill run. Bill runs can be initiated either by the Imported Parcels or Import State Data programs. Note, that there are a series of additional programs that are required with a full bill run, including the Create Accounts Receivables program, before Bills will reflect any changes.