Transfer Of TitleTaxesMEDIUM
Pennsylvania's Homestead Exclusion reduces property tax by:
Correct Answer
B) A flat dollar amount set by the school district
Pennsylvania's Homestead Exclusion reduces property tax by a flat dollar amount set by each school district, funded by gaming revenue.
Answer Options
A
A percentage of assessed valueB
A flat dollar amount set by the school districtC
$15,000 statewideD
50% for seniorsVideo Explanation3 min
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Related Topics & Key Terms
Related Topics:
property-assessment-methodsschool-district-taxationpennsylvania-property-tax-lawshomeowner-exemptions
Key Terms:
Homestead ExclusionPennsylvania Homeowner Tax Relief Actschool district exclusiongaming revenueproperty tax relief
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