Bela's Blog June 10, 2021

Homestead Tax Relief – Montgomery County, PA

Homestead Tax Relief – Montgomery County, PA

Homeowners may not realize that they can avail themselves of annual tax savings, through the Homestead/Farmstead Exclusion Program.  The Homeowner Tax Relief Act, Act 72 of 2004, was signed into law by Governor Rendell on July 5, 2004, to allow school districts to reduce property taxes by lowering your property tax bill; the legal term for this is a “homestead or farmstead exclusion.”

What many homeowners don’t know is, that when you buy a property in Montgomery County, PA, even if the current seller was getting that tax savings, it is not automatically transferred to the buyer.  The buyer has to fill out a form and send it in, to get those tax savings.

Buyers have to go to Montcopa.org, https://www.montcopa.org/464/Board-of-Assessment-Appeals . Telephone – 610 278 3761. Under departments you  have to click on Board of Assessment Appeals. Then print the Homestead Application  form. Form must have an ink signature- address to mail to is on the last page of the from.

 

Homestead links for surrounding  counties

Delaware County: https://www.delcopa.gov/treasurer/homestead.html

Chester County: https://www.chesco.org/DocumentCenter/View/13191/HOMESTEAD-APP-2013?bidId=

Bucks County: https://www.buckscounty.gov/DocumentCenter/View/4338/2022-Homestead-Application-PDF

Philadelphia County: https://tax-services.phila.gov/_/#0

 

For more tips or a personal consultation for your Real Estate needs, call 484 947 3127.

 

Bela Vora, Realtor
Cell : 484 947 3127
Office: 610 363 6006
Email: bela@belavora.com