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Health & Fitness

Tax Payer Relief - Deadline March 1!


The words 'Taxes' and 'relief' can be tricky to put together in the same sentence...but hey, look, I did it! If you act quickly, you too may be able to put those two words together. This relief is coming to you in the form of the Taxpayer Relief Act, Act 1 of Special Session 1 of 2006.

What is it?

The Taxpayer Relief Act provides for property tax reduction allocations to be distributed by the Commonwealth of Pennsylvania to each school district. As required by law, the Commonwealth’s Budget Secretary certified on April 15, 2013, that $611,600,000 in state-funded local tax relief will be available in 2013-2014. This property tax reduction will be through a “homestead or farmstead exclusion.” Generally, most owner occupied homes and farms (primary residences) are eligible for this property tax reduction.

How do I apply?
The application process is simple but act quickly as the annual deadline is March 1. School districts are required to notify homeowners by December 31 of each year if their property is not approved for the homestead or farmstead exclusion or if their approval is due to expire. To obtain a copy of the application, homeowners should contact theircounty assessment office. Here is a direct link to the 2014 Application for Homestead and Farmstead Exclusionsapplication for Bucks County, the county where I reside.

How much money does this mean for me?

According to the Pennsylvania Department of Education, this is your Estimated state property tax relief per homestead. While it may not be a lot of money coming back to you, it is probably enough to make it worth the effort of taking the time to file the application.

Frank Dolski MBA, ABR, e-PRO
Associate Broker
Certified Relocation Specialist
Previews Luxury Home Specialist
Coldwell Banker Hearthside Realtors
Ranked #1 In The State of PA in 2012 For Affiliated Coldwell Banker International Realtors
2012 Coldwell Banker International Presidental™ Elite Award
2010-2011 Coldwell Banker International Presidental™ Circle Award
215-803-3237 (mobile)
215-794-1070 x-103
f.dolski@cbhearthside.com
www.FrankDolski.Com

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