Exemption Form Homestead With Multiple Owners In Pennsylvania
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FAQ
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).
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.
The Homestead Exemption reduces the taxable portion of your property assessment by $100,000 if you own a home in Philadelphia and use it as your primary residence. Homeowners will typically save up to $1,399 each year with Homestead starting in 2025.
The homestead property includes the land under the dwelling, as long as it is owned by the same person who owns the dwelling. The formal definition of property is the same as that used for determining residence status for the earned income tax.
Pennsylvanians in 66 counties will receive property tax relief through homestead and farmstead exclusions.
A person aged 65 years or older, A person who lives in the same household with a spouse who is aged 65 years or older, or. A person aged 50 years or older who is a widow of someone who reached the age of 65 before passing away.
The program's recent expansion became effective on January 16, 2024, when the new claim season opened. The rebate program is open to eligible Pennsylvanians age 65 and older, widows and widowers age 50 and older, and individuals with disabilities age 18 and older.
The Taxpayer Relief Act, also known as SS Act 1, benefits taxpayers as follows: SS Act 1 guarantees that homeowners in every school district can benefit from state-funded property tax relief. (Exception: In Philadelphia, the funding will be used to reduce the wage tax.)
