In Maryland, it is correct that there is no specific age at which property taxes come to a complete stop. However, homeowners aged 65 and older may fulfill qualification criteria for valuable tax credits or exemptions in parallel to their income and property value. These programs target to present relief—not fully eliminate the tax altogether.
If you are a senior Maryland resident who owns and lives in your home, we present the available relief options below:
Such benefits do not apply to Maryland personal property tax obligations, which are strictly linked with business assets. In the case of running a company and having responsibilities for the business personal property tax Maryland enforces, age will not influence the filing requirements.
Also, if you are a senior who still operates a business, remember to submit the Maryland SDAT personal property return by the April 15 deadline each year. That form is necessary regardless of age or retirement status.
Lastly, this tax should not be confused with vehicle tax in Maryland—that’s handled through the MVA and applies whether you are retired or not.
It should be acknowledged that individuals won’t be exempt from all property taxes just by turning 65. However, Maryland does present specific programs that can lower the burden for senior homeowners. If you own a business, however, the Maryland business tax filing obligations remain in place. If you need professional assistance with your tax obligations, contact Watter CPA today for financial clarity and full compliance.
