PA voters pass property tax referendum

PA voters pass property tax referendum
Pennsylvania voters agreed to a ballot measure that will amend the constitution to allow municipalities to stop charging property taxes on owner-occupied homes. It’s a step forward in an ongoing fight to lower the commonwealth’s high property tax rates. Under previous constitutional language, local governments could only exempt up to 50 percent of their median home value from property taxes. Now, they can technically exempt all homestead properties. Terry Madonna, a political analyst from Franklin and Marshall College, noted that can’t happen until there’s a new source of revenue, which would involve action from the legislature. “If the legislature moves, it would have to be a fairly complex piece of legislation that would provide for what the school boards would use to substitute for the loss of the property taxes,” Madonna said. There’s currently no consensus on what that bill would look like. Other revenue options include sales and income taxes at the local level. Madonna noted, those taxes wouldn’t affect all communities in the same way.
Source: WITF; 11/8/2017

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