Montgomery County Tax Credit Eliminated | Annapolis News

Montgomery County homeowners are reeling as the county council axed the universal Income Tax Offset Credit, wiping $692 off every property tax bill — a move that’s now fueling outrage and financial strain. With property taxes already climbing and the credit gone, seniors like one woman whose bill spiked by $2,300 are scrambling — money she’d saved for assisted living now vanishes into taxes she feels don’t reflect her values. Even county executive Marc Elrich called it a tax hike, arguing the one-size-fits-all cut harms everyone, from condo owners to billionaires, and he’s pushing for state-level flexibility. The move is part of a desperate bid to close a $150 million budget gap, already forcing school cuts of 400 jobs. While the credit’s gone for now, with housing costs soaring, residents fear this is just the beginning of a painful tax future. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/cb156cd77d09556d