Homeowners who occupy their homes are entitled to an annual property tax credit of $692 (you’ll see this referred to as the Income Tax Offset Credit (ITOC)). To receive this credit you must have an approved Homestead Application on file with the Maryland State Department of Assessments and Taxation (SDAT). The good news is that most of you are receiving this credit, often without even having an approved Homestead Application on file. The bad news is that there was a recent state law change that might result in the loss of that credit.
The County has now issued a press release advising residents how to check whether they have an approved application on file, and how to receive an access code that is required to fill out an application if they do not. APPLICATIONS ARE DUE BY MAY 1, 2023.
You can see if you have an approved application by going to sdat.dat.maryland.gov/RealProperty/Pages/default.aspx, selecting “Montgomery” for County and “Street Address” for the search method. Then, put your address in, scroll to the bottom of the page, and look at “Homestead Application Status”.

If the result shows “No Application,” you are at risk of losing the credit for the upcoming year. The County’s press release (MontgomeryCountyMD.gov/Finance/itoc.html) sets out the steps to apply. So, please make sure that you have applied for the Homestead Tax Credit.