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Income Tax Offset Credit (ITOC)

This County program grants a credit against the county real property tax in order to offset, in whole or in part, increases in the county income tax revenues resulting from a county income tax rate in excess of 2.6%. The County’s current income tax rate is 3.2%, and the resulting Income Tax Offset Credit is currently $692 for the 2016 levy year (which begins on July 1, 2016, and ends on June 30, 2017)

The ITOC is available only to the owner of an owner occupied residential property (i.e., principal residence), as determined by the State Department of Assessments and Taxation (SDAT).

The County establishes the amount of the ITOC this section by County Council Resolution for each levy year.

This credit – described as “County Property Tax Credit” on the property tax bill - is applied only against the General County and Special Service Area ad valorem real property taxes.

The ITOC is not applied to any State or municipal taxes and charges or County Solid Waste or Water Quality Protection Charges, or WSSC charges, such as Front Foot Benefit Assessments.
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