Homeowners' Property Tax Credit - Eligibility and Calculation - Alterations

EXPLANATION: CAPITALS INDICATE MATTER ADDED TO EXISTING LAW.
[Brackets] indicate matter deleted from existing law.
*hb1308*

HOUSE BILL 1308
Q1 6lr3466

By: Delegates Hornberger, Buckel, Ciliberti, Grammer, Griffith, Miller, and
Schmidt
Introduced and read first time: February 12, 2026
Assigned to: Ways and Means

A BILL ENTITLED

AN ACT concerning 1

Homeowners’ Property Tax Credit – Eligibility and Calculation – Alterations 2

FOR the purpose of altering the calculation of the homeowners’ property tax credit; altering 3
certain limitations on eligibility for the credit relating to a homeowner’s net worth 4
and combined gross income; and generally relating to the homeowners’ property tax 5
credit. 6

BY repealing and reenacting, without amendments, 7
Article – Tax – Property 8
Section 9–104(a)(1) 9
Annotated Code of Maryland 10
(2019 Replacement Volume and 2025 Supplement) 11

BY repealing and reenacting, with amendments, 12
Article – Tax – Property 13
Section 9–104(a)(14), (e)(1), (g), and (j)(1) 14
Annotated Code of Maryland 15
(2019 Replacement Volume and 2025 Supplement) 16

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 17
That the Laws of Maryland read as follows: 18

Article – Tax – Property 19

9–104. 20

(a) (1) In this section the following words have the meanings indicated. 21

2 HOUSE BILL 1308

(14) (i) “Total real property tax” means the product of the sum of all 1
property tax rates on real property, including special district tax rates, for the taxable year 2
on a dwelling, multiplied by the lesser of: 3

1. [$300,000] $480,000; or 4

2. the assessed value of the dwelling reduced by the amount 5
of any assessment on which a property tax credit is granted under § 9–105 of this subtitle. 6

(ii) “Total real property tax” does not include any adjustment for any 7
other property tax credit under this title claimed against the property tax imposed on the 8
dwelling. 9

(e) (1) On or before May 1 of each year, the Department shall provide the 10
Comptroller information identifying owners of residential properties with an assessed 11
value not exceeding [$300,000] $480,000 who, during the preceding 3 years, failed to claim 12
the property tax credit under this section. 13

(g) (1) Except as provided in subsection (h) of this section, the property tax 14
credit under this section is the total real property tax of a dwelling, less the percentage of 15
the combined income of the homeowner that is described in paragraph (2) of this subsection. 16

(2) The percentage is: 17

(i) 0% of the 1st [$8,000] $12,500 of combined income; 18

(ii) 4% of the next [$4,000] $6,500 of combined income; 19

(iii) 6.5% of the next [$4,000] $6,500 of combined income; and 20

(iv) 9% of the combined income over [$16,000] $25,500. 21

(j) (1) A property tax credit under this section may not be granted to a 22
homeowner whose combined net worth exceeds [$200,000] $320,000 as of December 31 of 23
the calendar year that precedes the year in which the homeowner applies for the property 24
tax credit or whose combined gross income exceeds [$60,000] $95,000 in that same 25
calendar year. 26

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect June 27
1, 2026, and shall be applicable to all taxable years beginning after June 30, 2026. 28