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Homestead: Do You Qualify?

The Homeowner Tax Relief Act
Act 72 of 2004

Governor Rendell signed Act 72 of 2004, The Homeowner Tax Relief Act, on July 5, 2004. This law will ease the financial burden of home ownership by providing school districts the opportunity to offer lower property taxes to homeowners by implementing an additional earned income and net profits tax or a personal income tax. Participating school districts will qualify for a state property tax reduction allocation funded by gaming revenue. It is anticipated that, ultimately, gaming will generate $1 billion each year for local property tax relief.

School districts that currently levy an EIT have two ways to qualify for a state property tax reduction allocation: (1) pass a resolution by May 30, 2005 to levy the additional 0.1% EIT or (2) propose a property tax relief question at the November 2005 municipal election.

School districts that do not currently levy a local EIT are not required to levy a 0.1% EIT by May 30, 2005 or to propose a property tax relief question at the November 2005 municipal election. These school districts can qualify for property tax relief funding by passing a resolution by May 30, 2005 to propose a property tax relief question at the November 2007 municipal election.

Please visit www.pde.state.pa.us/proptax for more information.

If you have any questions regarding Homestead Exclusion contact the Clinton County Assessment Office at (570) 893-4031. For a Clinton County Exclusion form click here. You will need a copy of Adobe Acrobat to view and print this document.