Healthcare and groceries have climbed; that’s a fact. However, many seniors don’t stress about those prices as much as they do property taxes. Although many of them may own their homes outright and have lived there for decades, property taxes often catch them off guard. In places like Maryland, where home values are rising, many older Americans are worried about being priced out of their beloved houses.
To help address this issue, many states have some kind of property tax relief for seniors in place. Maryland is no exception; it offers an Aging in Place Tax Credit that is designed to reduce property taxes for older homeowners in the state. Here is who qualifies for the program and how it works.
