Homestead Farmstead Exclusion
Homestead Farmstead Tax Exclusion / Tax Reduction
Act 1 of 2006 (formerly Act 72) is known as the Homeowner Tax Relief Act for property owners who own & reside in a primary residence. The Act’s goal is to reduce school district reliance on real property tax, to be achieved by putting in place new funding options, including local personal or earned income taxes and funds derived from gaming. This reduction in property taxes is achieved by applying these new funds to the homestead and farmstead exclusions.
You can read more about the PA homestead exclusion here:
For county-specific information and related applications for your exclusion, go here:
Considering selling &/or buying a home? Contact your Lancaster County, Berks County & Lebanon County real estate specialists @ The Jennifer King Team @ 717-723-9080!