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Aug. 2—Older Pennsylvanians and Pennsylvanians with disabilities who qualify for a rebate on rent or property taxes paid in 2021 will be receiving more money this year, the Wolf administration ...
Sep. 1—WILKES-BARRE — Treasurer Stacy Garrity this week announced that Pennsylvania will receive more than $20 million in unclaimed property following a settlement that concludes the landmark ...
The lawsuit, filed Monday, could endanger more than $1 billion in annual tax revenue that goes toward property tax rebates and economic development projects. The state's collection of the roughly ...
For example, the city of Altoona adopted a property tax that solely taxed land value in 2002, but repealed the tax in 2016. [103] Many Pennsylvania cities use a split-rate tax, which taxes the value of land at a higher rate than the value of buildings.
Nearly two dozen local Pennsylvania jurisdictions (such as Harrisburg) [20] use two-rate property taxation in which the tax on land value is higher and the tax on improvement value is lower. Pittsburgh used the two-rate system from 1913 to 2001 [21] when a countywide property reassessment led to a drastic increase in assessed land values during ...
The largest property tax exemption is the exemption for registered non-profit organizations; all 50 states fully exempt these organizations from state and local property taxes with a 2009 study estimating the exemption's forgone tax revenues range from $17–32 billion per year.
The revenue growth limit applies to both state levies and all regular local property tax levies but the proposed bill only dealt with the local tax. In Washington, the revenue growth limit is 101% ...
The Community Reinvestment Act (CRA, P.L. 95-128, 91 Stat. 1147, title VIII of the Housing and Community Development Act of 1977, 12 U.S.C. § 2901 et seq.) is a United States federal law designed to encourage commercial banks and savings associations to help meet the needs of borrowers in all segments of their communities, including low- and moderate-income neighborhoods.