Sixty-six-year-old Patricia Monroe can describe every emotion she felt after watching Prince George’s County agree to update a senior property tax credit.
“My heart, it just touched my heart,” Patricia Monroe said.
The bill revises the county’s existing Senior Property Tax Credit so residents older than 65, who have been living in the same house for at least 25 years are eligible for a 20% property tax for homes valued at $500,000 or less.
Homeowners would receive the tax credit for up to five years starting in 2025, if eligible. Councilmember Edward Burroughs III says the goal of the legislation is to ease the financial burden on older residents who may be struggling to afford their homes. The bill passed on Tuesday.
Click here to read the rest of the article written by Dan Brendel over at WUSA News Channel 9
