Impacted by Flood Damage? Tax Relief May be Available for You. May 30, 2018Yesterday, The Maryland State Department of Assessments and Taxation (SDAT) announced that they are encouraging residents whose real property has been damaged by the recent severe weather to contact their local assessment office, as they may qualify to have their property assessments reduced.WHAT TO EXPECTIn the coming weeks, SDAT’s assessors will be logging affected properties and will begin visiting areas impacted by the severe weather in order to locate and identify damaged property.When a decrease in value is confirmed by an assessor—either from an exterior inspection or from a resident submitting the attached application—the new real property assessment will be sent to the County Finance Office and a new tax bill may be issued. If a property owner has already paid their tax bill, a prorated abatement will be issued. If the extent of damage is not clear from an exterior inspection, the attached application will be delivered to the property owner for them to complete and send back.HOW CAN I APPLY?Maryland residents can fill out the, “Damage Property Assessment Reduction Application” (click here to download it) and email it to their local SDAT assessment office. A list of all SDAT offices with contact information can be found on SDAT’s website here.About KatzAbosch: Founded in 1969, KatzAbosch is one of the largest CPA and business consulting services in the Mid-Atlantic region. As an accounting firm, our mission is to provide the highest quality accounting, tax, financial and management consulting services to our regional clients. We understand the needs and challenges of our clients and we have made it our obligation to create, grow and protect asset value. KatzAbosch is consistently named a Best Accounting Firm to Work For in Accounting Today and has been named a Top 200 Accounting Firms in the Nation by Inside Public Accounting. Our firm is also ranked among the Top 15 Largest Accounting Firms in the Baltimore Area by the Baltimore Business Journal and a Top Workplace four times by The Baltimore Sun.