Recently I met with group of seniors here in Laurel to share about the Laurel Elderly & Veterans Property Tax Credit – Earlier this year I authored an update to lift the 5-year expiration of the credit as a way of helping seniors and veterans more affordably ‘age in place’ and remain important parts of our communities.

You can download a copy of the presentation, which also includes graphics showing real estate tax trends here in Prince George’s County. Some of the key pointers:

  • If you’re 65 or older, or a retired member of the armed services, who’s been in their home for ten years or more, there’s a good chance you qualify for this credit.

  • The credit equals 20% of Laurel property tax assessed on the first $500k of your home.

  • It cannot be combined with any other City property tax credit, but it can be layered on top of your Homestead Credit applied to your Laurel property taxes.

  • The presentation download also includes a summary of Prince Georges County and State of Maryland property tax credits available to seniors and veterans as well.

It was a pleasure getting to meet and help folks learn more about this credit, and please don’t hesitate to reach out to me if you have any questions too!

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