TWO TAX CREDIT BILLS SIGNED INTO LAW
Harford County Executive David R. Craig, joined by Billy Boniface, President of the Harford County Council, today signed into law two bills which will increase tax credits available to farmers. The bills were approved by the Harford County Council by unanimous vote earlier this week.
The bills, Harford County Bills No. 07-42 and 07-43 increase the local tax credit for properties in State Agricultural Districts or subject to a State Agricultural Preservation Easement and to increase the local tax credit for properties in the County Agricultural District or subject to Agricultural Preservation Easement to the County. The effective date of the legislation is the tax year beginning July 1, 2008.
Commenting on the recently enacted legislation, County Executive David R. Craig stated, "Our agricultural community is an integral part of Harford County and we cherish their rich heritage. This legislation is another example of the efforts of the Harford County Council and my Administration working together for the benefit of our farmers."
This legislation marks the third time in the past year the Craig Administration has worked to cut taxes in an effort to lessen the property tax burden on the citizens of Harford County.
"The charge to the Commission is quite simple, stated County Executive Craig. Business as usual must end. We must all work together to find ways to make Harford County government more cost effective and efficient given the fiscal condition of the State."
May 2007COUNTY EXECUTIVE SIGNS BILL FOR HOMEOWNER PROPERTY TAX CREDIT
Harford County Executive David R. Craig signed into law Harford County Bill No. 07-06, "Homeowners Property Tax Credit". The legislation was passed by the Harford County Council without a dissenting vote.
"During my campaign, I made a promise to our senior citizens, a promise that I would look into providing tax relief for their homes. With the help of Harford County Council, I am pleased to sign into law homeowners' property tax credit legislation," stated County Executive Craig.
The law increases the maximum assessed value of a home to $400,000 and matches the state's threshold of a maximum combined income of $60,000, with a maximum net worth of $200,000 to qualify. Additionally, the legislation is a supplement to the state property tax credit program, allowing for a one-time application to the state. "Not only will this program help our seniors, it will also provide relief for families on a fixed income who may be struggling with the sudden loss of a spouse or have fallen victim to unexpected changes in their lives," remarked the County Executive.
