Property Ownership
The Maryland Homestead Tax Credit limits property tax increases on owner-occupied principal residences to:
A2% per year
B5% per year
C10% per year✓ Correct
DNo limit — it provides a flat credit
Explanation
The Maryland Homestead Tax Credit caps annual increases in the taxable assessment of owner-occupied homes at 10% per year (or less, at the county's discretion).
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