Pa Homestead Exemption For Seniors In Montgomery
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FAQ
Older adults and people with disabilities 18 and older in Pennsylvania may be eligible to receive up to $1,000 in rebates.
The Treasurer's Office administrates Act 77, Senior Citizen Tax Relief, which entitles qualified senior citizen homeowners to a flat 30% discount on the real estate tax on their primary residence.
Each school district may exempt any person whose total income from all sources is less than ten thousand dollars per annum from its per capita tax or any portion thereof. The school district may adopt and employ regulations for the processing of claims for the exemption.
To qualify for the Homestead Exemption, the property must be the owner's primary residence and be owner-occupied. Currently, Upper Gwynedd is offering a $30,000 exemption on the assessed valuation of your property.
Each school district may exempt any person whose total income from all sources is less than ten thousand dollars per annum from its per capita tax or any portion thereof. The school district may adopt and employ regulations for the processing of claims for the exemption.
To receive a homestead or farmstead exclusion, a Pennsylvania resident must submit an application to the county assessor. School Districts are responsible for sending out the applications by December 31 of each year. If an application was approved under Act 72, the application is still valid and one need not reapply.
Homeowners should contact their county assessment office (position 48) for a copy of their county's homestead and farmstead application form. The March 1 application deadline for property tax relief is set in the Homeowner Tax Relief Act (Section 341 of Act 72 of 2004).
You must own the property and live in it as your primary residence to qualify. If you no longer qualify for the Homestead Exemption you must file the change or removal form.
If you own your primary residence, you are eligible for the Homestead Exemption on your Real Estate Tax. The Homestead Exemption reduces the taxable portion of your property's assessed value. With this exemption, the property's assessed value is reduced by $100,000.
A homestead / farmstead property is a dwelling primarily used by an owner as his or her permanent home, so it's important to identify the definition of owner under the act: A joint tenant or tenant in common. A person who is purchasing real property under a contract.
