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MoCo Monitor
Finance

Council Votes 6-5 to Eliminate $692 Homeowner Tax Credit

Mink May 15, 2026
The Montgomery County Council voted 6-5 to eliminate the $692 Income Tax Offset Credit (ITOC) that most homeowners receive, as part of the Fiscal Year 2027 budget. Councilmember Kristin Mink voted against the elimination and put forward an alternative tax package that would have preserved the credit, but it did not receive enough support. Some residents will see the loss partially offset by an accompanying income tax cut, though seniors and homeowners on fixed incomes may pay more overall.
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Source: Councilmember Kristin Mink, “I voted to preserve the Income Tax Offset Credit”, received May 15, 2026.

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