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more than 200 000 montgomery county property owners have gotten this yellow notice in the mail heres what it means in june of this year we sent a letter to all the affected property owners letting them know that they needed to make sure that they had a homestead application sent in to esdat the state department assessment taxation and were following making sure that people are applying a docHub number have applied since we sent that out in june in july we sent with the property tax bills to everybody who gets a property tax bill a little slip of paper its a golden or yellow paper that talks about this actual issue but the income tax offset credit that is now tied to the homestead credit is 692 dollars for each one of these properties its 245 000 properties or so and about 100 000 of them should still go and check the homestead tax credits a really great program it limits the increase of your taxable assessment so what the assessed value and how much tax you can be charged ba