Gov or call 410-767-2165 toll free. The Homestead Credit is designed to limit the tax liability for homeowners that experience rapidly rising assessments.Maryland requires all homeowners to submit a onetime application to establish eligibility for the Homestead Tax Credit. In bankruptcy, a homestead exemption protects equity in your home. Here you'll find specific information about the homestead exemption in Maryland. The Maryland Homestead Tax Credit was designed to help homeowners deal with large assessment increases on their principal residence. In Maryland, the homestead exemption applies to real property, including your home, condominium, or co-op. Once at the website, choose the property's county, click "street address" and type in the address. Homestead Property Tax Credit. Use the rules for filing separate returns in Instruction 8 of the Maryland resident tax booklet.
