Community Revitalization Tax Credit
Are you a property owner undertaking renovation/rehabilitation of an existing building or new construction or demolition and redevelopment of your building site? If your commercially or industrially zoned property is located in one the County’s 11 designated Commercial Revitalization districts, you may be eligible for Anne Arundel County’s Community Revitalization Tax Credit. The program provides a property tax credit for up to five years equal to the incremental increase in real property tax assessment for improvements of at least $100,000 of assessed value. Property owners have 120 days following the issuance of the notice of assessment by the Maryland State Department of Assessments and Taxation to apply for the credit.