Do you know about the Montgomery County 20% property tax credit for property owners who are over 65? You still have time to submit an application for a credit on your 2025 property tax bill and save. 

This tax credit applies to: 

  • Residents aged 65 and older who have owned and lived in the same home for at least 40 years. To receive this tax credit beginning July 1, 2025, your birthday must be on or before  June 30, 1960. For those who are applying as 40+ year owners, your deed must be dated  June 30, 1985 or earlier.   
  • Residents aged 65 and older who served in and retired from any branch of the U. S. armed forces, including Army, Navy, Air Force, Marines, Coast Guard, the National Guard, the Military Reserves, the uniformed corps of the Public Health Service or the uniformed corps of the National Oceanic and Atmospheric Administration. Surviving spouses of those veterans are also eligible for the credit if they have not remarried. 

For 2025, eligible residents receive a 20% tax credit for their Montgomery County annual property taxes for a limited period of 7 years. For non-military family home-owners that are at least 65 years of age and have owned occupied the same dwelling for at least 40 consecutive years, the tax credit is only available if the dwelling has an assessment of $700,000 or less, at the time of the application for the credit. If the dwelling is assessed at more than $700,000, then the property is not an eligible property, and no credit will be granted.

For owners that are at least 65 years of age and are military retirees the tax credit is only available if the dwelling has an assessment of $550,000 or less, at the time of the application for the credit. If the dwelling is assessed at more than $550,000, then the property is not an eligible property, and no credit will be granted. 

Your assessment amount can be found online as listed on your tax bill. 

The application deadline is April 1 of every year. THE TAX CREDIT APPLICATION MUST BE RECEIVED ON OR BEFORE APRIL 1. Approved applications submitted by the April 1 deadline will be processed on the property tax bill that is issued in July in the same year. Online applications are available now online at: 

APPLICATION_Elderly_Invididual_Retired_Military.pdf (montgomerycountymd.gov) 

If you have any questions, please call 311 or 240-777-0311 (if you are calling from outside of Montgomery County). 

1The owner who is 65 or over and who has owned and lived in the dwelling for at least 40 consecutive years must be on the deed for the property.  An owner who is 65 or over and is a military retiree must be on the deed for the property. Not all owners must be over 65, just the one that meets the requirements above. Not all owners must have owned and lived in the dwelling for at least 40 consecutive years, just the one that meets the requirements above.  

Military Retirees are Eligible veterans who are retired from one of the United States' Armed Forces (Air Force, Army, Coast Guard, Marine Corps, Navy), or are retired from the uniformed services of the National Oceanic and Atmospheric Administration or the Public Health Service or are retired from the military reserves or the National Guard. To meet the Military Retiree requirement, one must be retired from one of these services. Being a veteran of a service but not actually having Retired status from that service does not meet the requirements for this tax credit.