Property Tax Alert–Pennsylvania

December 2004

On November 21, 2004, the Pennsylvania Legislature passed bill H.B. 850, which provides property tax changes for the city of Pittsburgh. The bill is awaiting signature by the Pennsylvania Governor. H.B. 850, which would become effective 60 days after enactment, requires a reduction in property taxes by municipalities in Allegheny County that receive tax revenue from the 1% Regional Asset District sales tax add-on. After implementing the personal property tax and amusement tax provisions, the county and city must either reduce property taxes or provide a property tax rebate or rent rebate in lieu of property taxes.

Please contact Rash & Associates for more information.