Spring is near and so are deadlines relating to property tax. Now is the time to take action to reduce your property taxes. Here are a three ideas:
Appeal your property tax assessment. The assessed value of your property has a big impact on the amount of property taxes that you pay. Inaccurate assessments are common. There is no fee to file the appeal. Attorneys will give you the best chance of success. They usually charge a flat fee or take a percentage of the tax savings if successful. Deadlines are usually in March or April so act fast.
Apply for a homestead exemption. Many counties offer discounts for owner-occupied properties. Check with your local county treasurer for programs in your area.
Senior Citizen tax relief programs. Pennsylvania offers tax relief programs that benefit eligible seniors age 65 and older; widows and widowers age 50 and older; and people with disabilities age 18 and older. The state rebate program details can be found here: http://ow.ly/Hzzj308Zwox. Some county programs are even more generous (Allegheny and Philadelphia counties). Check your local treasurer’s website or office for more information.
Bonus tip: Call the real estate team at WGSF with questions on how you can save real estate taxes. We can assist you with applications for relief programs.