Category: Property Taxes

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Why We Need a Property Tax Circuit Breaker

  By Pennsylvania, Property Taxes, Taxation

Statement of Marc Stier at Senator Jimmy Dillon / Representative Robert Freeman press conference on establishing a property tax circuit breaker in Pennsylvania on April 25, 2023 I’m very pleased to stand with Senator Jimmy Dillon and Representative Robert Freeman in support of establishing a property tax circuit breaker in Pennsylvania. The Pennsylvania Budget and Policy Center first proposed such a plan in 2015 and our new organization, the Pennsylvania Policy Center, continues to support it. Representative Freeman has long championed it, and we are glad to see Senator Dillion become a champion of it as well. Pennsylvania has long had a serious problem: our tax system is unfair. State and local taxes in our commonwealth place a much greater burden on families with low incomes and moderate incomes than those with high incomes. Just to give you an idea of how unfair our tax system is, consider this: The… Continue reading

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Why We Need a Property Tax Circuit Breaker in Pennsylvania

  By Property Taxes, Statement, Taxation

tatement of Marc Stier at Senator Jimmy Dillon / Representative Robert Freeman press conference on establishing a property tax circuit breaker in Pennsylvania on April 25, 2023 I’m very pleased to stand with Senator Jimmy Dillon and Representative Robert Freeman in support of establishing a property tax circuit breaker in Pennsylvania. The Pennsylvania Budget and Policy Center first proposed such a plan in 2015 and our new organization, the Pennsylvania Policy Center, continues to support it. Representative Freeman has long championed it, and we are glad to see Senator Dillion become a champion of it as well. Pennsylvania has long had a serious problem: our tax system is unfair. State and local taxes in our commonwealth place a much greater burden on families with low incomes and moderate incomes than those with high incomes. Just to give you an idea of how unfair our tax system is, consider this: The… Continue reading

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Keeping Property Taxes Lower in Philly Is the Right Idea

  By PA Budget and Policy Center, PBPC Blog posts, Philadelphia, Philadelphia Taxes, Policy briefs, Property Taxes, Taxation

Philadelphia is currently debating what to do with the additional revenues generated by the increase in property assessments. One side wants to use those additional revenues to moderate the growth in property taxes by raising the Homestead Exemption amount and expanding the Longtime Owner Occupants Program or “LOOP” (a tax relief program for low- and moderate-income homeowners whose property assessments, increase by 50% or more over the prior year). The other side wants to use the additional revenues to cut business and wage taxes. Our view at the PA Budget and Policy Center is that moderating the growth in property taxes is the right choice. That path will make our tax system fairer and is a better way to spur population and job growth than lowering business and wage taxes. The experiences of Boston and San Francisco, as well as Philadelphia’s experience with property tax abatement, shows us that Philadelphia’s… Continue reading

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On Joint Resolution 1, The Constitutional Amendment on Property Taxes

  By PA Budget and Policy Center, PBPC Blog posts, Pennsylvania, Property Taxes, Taxation

We are getting a lot of questions about what the constitutional amendment on the ballot this year means and where the Pennsylvania Budget and Policy Center stands on it. We haven’t rushed to judgment on it for a couple of reasons. First, we are not convinced that this amendment will, by itself, have much impact on policy in the state. And second, given that any amendment to the Constitution is important, we wanted to make sure we understood all the implications of it before reaching a conclusion. We have reached a conclusion — that the amendment won’t make much difference. And that’s why we aren’t going to offer any recommendation about how to vote. So let’s begin by explaining what the amendment does and, as importantly, does not do. The background: our uniformity clause The key piece of background information one must know to understand this amendment is that the… Continue reading