Towson, MD (PRWEB) July 26, 2012
Bozzuto Homes today announced that a Baltimore County tax credit will allow homebuyers at its Towson Green community to see up to $3,300 in savings annually.
Towson Green, a new traditional neighborhood development consisting of 121 for-sale townhomes in the heart of Towson, lies within Baltimore County's Towson Commercial Revitalization District, and as a result, qualifies for a Revitalization Property Tax Credit, a benefit that Bozzuto Homes is passing along to homebuyers. Under this program, residents only pay taxes for the assessed value of the community’s land rather than the building’s value for a period of five to ten years.
“Bozzuto Homes is thrilled to be able to build a new townhome community of this caliber with green construction within downtown Towson,” Thomas Baum, president of Bozzuto Homes, said. “We are excited that new homebuyers will have the opportunity to take advantage of this Baltimore County tax abatement.”
Normally, a $375,000 home would incur state and county taxes in Baltimore County of $4,545 per year. A home of the same price at Towson Green would cost residents only $1,245 per year in taxes – which could add up to a savings of more than $3,000 per year.
The credit will benefit Towson Green residents for at least five years, with the potential to be continued for an additional five years after that.
About Towson Green
Towson Green is one of the latest projects from Bozzuto Homes, an award-winning Washington D.C. area-based real estate services organization with luxury apartments and homes across the East Coast.
The community is being built to achieve the NAHB National Green Building Standard™ Silver Level and will be one of the most environmentally-conscious communities in Maryland, offering sustainable design, construction, and finishes, as well as ENERGY STAR appliances. All of the homes are ENERGY STAR certified.
Towson Green townhomes are offered in four different floor plans, all with garages and some with up to four bedrooms, and start in the mid $300's.
The community is located at 19 Willow Avenue, Towson, Maryland 21286, within easy walking distance to Towson Town Center’s numerous stores and restaurants, and minutes from downtown Baltimore and the Inner Harbor. For more information about the Baltimore Country Revitalization Tax Credit or about purchasing a Towson Green home, visit http://www.towsongreen.com or call 410.343.7150.
About The Bozzuto Group
Headquartered in the Washington, D.C. area, The Bozzuto Group is a diversified residential real estate company consisting of six integrated companies – Acquisitions, Construction, Development, Homebuilding, Land Development and Property Management – that together provide a broad range of real estate services throughout the Mid-Atlantic and Northeast. The company is committed to providing quality housing for individuals of all income levels, producing everything from luxury homes and apartments to affordable housing solutions.
Throughout The Bozzuto Group's more than 24-year history, the company has developed, acquired and built more than 35,000 homes and apartments, and the firm and its principals have been honored with numerous industry awards and accolades, including having been recognized by the NAHB as the nation's premier apartment development company, and twice as management company of the year. For more information, please visit http://www.bozzuto.com.