In November, PA voters will take the first step to deciding on a constitutional change providing property tax relief.
The proposed constitutional amendment applies to the homestead 'Property Tax Assessment Exclusion'. If it passes, this would allow local taxing authorities to be able to exclude up to 100% of the assessed value of homestead property. Right now, homeowners who live in their home and have applied for homestead exemption are seeing some school tax relief, as schools are being supplied with gaming revenue.
Taxing bodies want to be able to increase the amount of assessed value of homestead property from 50% to 100%. "If you look at what is happening here this is the general assembly trying to do tax reform, so you have to remember that whatever they are trying to do first; they have to be able to do this... So this is a step. If they don't do this it's really no harm, no foul."
The proposed amendment has to go through two votes before it can pass. This is only the first time it has appeared on the ballot.
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