Tag Archives: North Hills

Montgomery Co Tax Bills Are Coming – Are You Receiving the Homestead Tax Credit?

Tax Bills are Here – Ensure You’re Receiving Tax Credits!
Homestead Property Tax Credits and New Mo Co Tax Credits for Elderly & Military Retirees

It’s July, for Montgomery County homeowners this means that tax bills will be arriving in your mailboxes shortly – the County estimates mailing bills in mid-July (bills will also be available via the County website).

Homestead Property Tax Credits

Tax Bill Example
click to enlarge

When you receive your bill you should look to see if you are receiving the Homestead Property Tax Credit (you’ll see “County Property Tax Credit”). This tax credit was established to help homeowners deal with large assessment increases on their principal residence. The Homestead Credit limits the increase in taxable assessments each year to a fixed percentage.

To prevent improper granting of this credit, a law was enacted in 2007 that requires all homeowners to submit a one-time application to establish eligibility for the credit. There are several criteria to be met, but the main conditions are that the property is your principal residence and you must have lived in it for at least six months of the year, including July 1 of the year for which the credit is applicable.

If you are not seeing a homestead property tax credit on your tax bill, you should determine the status of your Homestead eligibility by looking up your property on the Real Property Database.

Homestead Exemption Example
Click to Enlarge

Look at the bottom of the page, where it says Homestead Application Status. If it says “No Application,” then you should reapply to capture this credit on future tax bills.

For more info, check out frequently asked questions about Homestead Property Tax Credit, or contact the Homestead unit directly at 1-866-650-8783 or visit their website.

Tax Credits for Elderly & Military Retirees

Earlier this year the Montgomery County Council also enacted new legislation granting property tax credits for elderly individuals and for military retirees. Owners who are 65 or over and who has owned and lived in the dwelling for at least 40 consecutive years or those who are 65 or over and a military retiree may qualify depending on the assessed value of the home.

For 2017 taxes only, applications will be accepted until September 1, 2017. If you wish to receive a credit for your 2017 taxes, you must apply by September 1, 2017. For all other tax years, you must apply by April 1. This tax credit will not be issued on the July property tax bill; instead it will be calculated and issued on a subsequent revision of your tax bill, with the tax credit appearing as a line item deduction on the bill.

You can read more about the new tax credit and how to apply here.


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Selling the Unsold

Four of our recent clients were in a situation where they originally listed their homes with another brokerage, but after spending time on the market, their properties did not sell. When properties accumulate days on market, many buyers consider that property to be “stale”. After ending their agreement with their first brokerage, these sellers turned to Go Brent Team to market and sell their homes. Our approach is always to discuss both price and product with sellers. We work with them to make their property most appealing to the widest pool of buyers. While pricing is one factor for discussion, the property must also be reevaluated to ensure its return to the market is noticed by buyers. We recently took over the following listings with great results.

1502 Red Oak Drive (20910 – Woodside Forest)

Sold in 8 days after 48 days on the market with another broker. We consulted with the client and decided the kitchen needed a cosmetic facelift. We also chose a clean neutral paint color to replace a dark blue accent wall in the family room; the neutral paint color made the room brighter and accented the cathedral ceiling and skylights. Staging furniture was added, along with décor and rugs to the family room, living room, and bedrooms, to give the home a more polished feel, both in the photos and in person.

9606 Bruce Drive (20901 – North Hills)

Sold in 6 days after 5 months on market with another broker. Our strategy for selling this home involved ensuring that the home was well presented in on-line photographs and the virtual tour.  We assisted the seller to select new interior paint colors, staged several rooms with furniture and décor, and rearranged the seller’s existing furniture so buyers could visualize living in the home.

10108 Grant Avenue  (20910 – Capitol View Park)

Sold in 15 days after 2 months on market with another broker.  We worked with the seller to modify the front exterior – a new blue front door, landscaping, and exterior lighting improved the front walkway. We rearranged the seller’s furniture in the bedrooms and living area and also added artwork and rugs throughout the home. The result was a more welcoming feel in person and more appealing on-line photographs.

9412 Woodland Drive (20910 – Woodside Forest)

Sold in 7 days after 3 months on market with another broker. A new green front door color was chosen to replace the previous red door. We also worked with the photographer to ensure the front exterior photos were taken from different angles to emphasize the home’s curb appeal, which included a beautiful tree, sea grass, and landscaping.

Selling the Unsold | Testimonial


[wolf_testimonial_slide cite=”Philip & Jill Downs”]We were discouraged when our house wasn’t selling in an otherwise hot market. We called Liz Brent. Liz helped us understand why selling our home had been more challenging than expected. She renewed our appreciation for the many desirable features of our property, and worked with us to tweak staging and develop a results-oriented strategy forward. She produced thoughtful, descriptive language and beautiful photos, which highlighted the many charming aspects of the home. Most importantly, armed with in depth knowledge of real estate in our neighborhood, Liz suggested the correct price to sell. We received two offers, above asking, within the first week back on the market. Settlement was a breeze. We will be forever grateful to Liz and the Go Brent team for delivering us the sellers’ experience we deserved. [/wolf_testimonial_slide][wolf_testimonials_end]

Ready to put your property on the market? Contact Go Brent Team today!