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Commonwealth to Release Property Tax Relief Funds
Qualified Property Owners to Receive Reduction on School Tax Bill
The Commonwealth of Pennsylvania informed the Avon Grove School District on May 1, 2008, that a total of about $613 million will be available statewide for property tax relief in 2008-2009.
The funds were collected from gaming revenues as called for by Special Session Act 1 of 2006.
Avon Grove School District is scheduled to receive a property tax reduction allocation of $2,672,324.33 from the Commonwealth’s Property Tax Relief fund, which will be passed through to approved homestead/farmstead property owners as a direct reduction on their 2008-2009 school real estate tax bills.
Each of the 7,502 approved homestead/farmstead property owners in Avon Grove will receive the same reduction of $358 on their 2008-2009 school real estate taxes, which represents an 8.97 percent reduction for property owners with the median assessed value of $167,640.
Only those property owners who applied for and were approved for the homestead/farmstead exclusion are eligible. Contact the Chester County Assessment-Homestead Office at 610-344-4570 to check if you qualify.
If you do not qualify and have not completed an application previously, you should complete a homestead/farmstead exclusion application and submit it to the county by March 1, 2009, to be considered for any school property tax relief from the Commonwealth in the 2009-2010 fiscal year.
Posted:
May 9, 2008 4:02 PM
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