PROPOSED CONSTITUTIONAL AMENDMENT AMENDING THE HOMESTEAD PROPERTY TAX ASSESSMENT EXCLUSION
Shall the Pennsylvania Constitution be amended to permit the General Assembly to enact legislation authorizing local taxing authorities to exclude from taxation up to 100 percent of the assessed value of each homestead property within a local taxing jurisdiction, rather than limit the exclusion to one-half of the median assessed value of all homestead property, which is the existing law?
Plain English Statement of the Office of Attorney General:
The purpose of the ballot question is to amend Article VIII, Section 2(b)(vi) of the Pennsylvania Constitution to permit the General Assembly to pass a law authorizing local taxing authorities to increase the amount of assessed value of homestead property that may be excluded when determining the real estate tax owed for homestead property. If the ballot question is approved, the General Assembly could then pass a law authorizing local taxing authorities to exclude up to one-hundred percent (100%) of the assessed value of each homestead property when calculating the real estate tax owed on homestead property.
The Pennsylvania Constitution currently permits the General Assembly to pass a law authorizing local taxing authorities to exclude only a portion of the assessed value of homestead property when determining the amount of real estate tax owed. Under current law, the amount of assessed value that may be excluded fr[More...]