Individuals seeking relief on this year’s school property tax bills are being urged to apply for homestead/farmstead exclusions prior to March 1, according to Rep. Scott Petri (R-Bucks).
If one’s application is accepted, a portion of the property’s assessed value is exempt from the property tax, thus lowering the overall tax bill. The state is then responsible for the difference between the two amounts, using proceeds from gambling revenue to pay the balance.
Many individuals may have already filed applications for this benefit several years ago when the Homeowner Tax Relief Act was enacted. Applications remain valid for a minimum of three years. Homeowners may want to verify the status of their applications by consulting their county assessment office.
Individuals qualify for a homestead exclusion so long as the property for which they are applying is their primary residence. A farmstead exclusion is also available for buildings and structures that are used for commercial agriculture production on a farm of at least 10 acres. Again, the farm must be the primary residence of the owner to qualify.
Benefits from this program will vary widely depending on the school district in which the individuals resides. The Homeowner Tax Relief Act, which is also known as Act 1, requires that the state distribute a minimum of $400 million in property tax relief.
Homestead/farmstead exclusion applications are currently available through the Bucks County Assessment Office at (215) 348-6219.
Rep. Scott Petri
Pennsylvania House of Representatives
Contact: Donna M. Pinkham