Homeowners in Allegheny County are eligible for some relief from property taxes. Under the Homestead Act, residents of Allegheny County are able to reduce the tax assessed value of their primary residence by $15,000. For example if the tax assessed value of your home is $140,000, you can apply for the Homestead exemption and have your home's tax assessed value reduced to $125,000.
This can add up over time.
The annual county tax on 140K is $656. (140 x the county millage rate of 4.69)
The annual county tax on 125K is $586.
Not life changing savings but still worth pursuing for the minimal effort required. There is no income or age restrictions with this exemption but it is only available for owner occuppied properties.
Property owners can get an application from the county website or follow this link...
http://www.county.allegheny.pa.us/opa/abate.aspx.
Applications for 2011 are due by March 1st.
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