The city of Salisbury has a tax abatement program for homeowners converting rental properties to owner-occupied, family use homes. A grant of up to $3,000 at closing is amortized over five years when it is forgiven. For more information see the City website.
Wicomico County, Maryland Homestead Credit is a property tax credit that helps homeowners who occupy their property cut their property taxes by capping the property tax assessment increase allowed.
State Tax Credit Program
A State Home Owners Tax Credit Program is available to residents who meet certain requirements. The amount of the credit is determined by the household income and taxes levied on the value of the home. Also, if you are a Disabled Veteran or the surviving spouse, you may be eligible for a Veterans Tax Credit. For further information or applications on the State Tax Credit Programs visit Maryland Tax Credits and Exemptions or contact the local State Assessment Office at 410-713-3560.
Property Values
Property values are assessed by the Maryland State Department of Assessments and Taxation. For further information on assessments, call the local office at 410-713-3560 or check the State Department of Assessments and Taxation website.
Maryland Heritage Preservation Tax Credit Program
The State of Maryland offers a Homeowner Tax Credit for qualified rehabilitation expenditures for historic structures certified by the National Register of Historic Places.
See https://mht.maryland.gov/taxcredits_homeowner.shtml. Also see this list of frequently asked questions.
