Secretary Certifies More Than $779 Million for Statewide Property Tax Relief
Harrisburg – Budget Secretary Charles B. Zogby
today certified that more than $779 million in gaming revenue will be available
for property tax relief in 2014.
Taxpayer Relief Act established the Property Tax Relief Fund as a way to use
gaming revenue to reduce property taxes for homeowners. The law requires the
budget secretary to certify the actual balance in the fund by April 15 of each
year and to project gaming revenue coming into the fund in the next six months.
certified today that the balance in the Property Tax Relief Fund is more
than$394 million. Gaming revenue from now through Oct. 15 is projected to add
about $399 million to the relief fund, bringing the total amount in the fund at
that time to approximately $793 million which includes a projected balance of
approximately $14 million in the Property Tax Relief Reserve Fund.
statewide property tax reduction for each household is expected to be about
$200 this year. Final figures will be provided in early May, when counties
report the number of homeowners who have signed up for their share of property
tax relief. School districts will receive their share of property tax relief in
two equal installments in August and October.
in 66 counties will receive reductions in the school property tax bills they
will receive this summer. In accordance with the Taxpayer Relief Act,
Philadelphia’s share of funding for broad-based tax relief – more than $86
million – will be used to reduce the city’s wage tax.
notified Acting Secretary of Education Carolyn Dumaresq by letter of the
results of his certification. The amount of property tax relief will vary by
school district and the Department of Education will notify each school
district of its specific level of property tax relief in early May. Under the
law, Pennsylvania homeowners will see the property tax reduction itemized on
their tax bill, which most school districts will issue this summer.
of property tax relief in each school district will be available online in
early May at the School District Property Tax Relief section of the Department
of Education website at www.education.state.pa.us.
revenue also supports the Property Tax/Rent Rebate program. Under this program,
older and disabled homeowners with incomes up to $35,000 – and renters with
incomes up to $15,000 – are eligible for rebates of up to $650. Supplemental
rebates for qualifying homeowners can increase rebates to $975. The deadline to
apply for the program is June 30.
is available at www.revenue.state.pa.us or by calling 1-888-222-9190.
contact: Jay Pagni,
Note: The text of
Secretary Zogby’s letter to Acting Secretary Dumaresq is attached below.
Carolyn C. Dumaresq
Secretary of Education
Street, 10th Floor
certification for the 2014-15 fiscal year marks the seventh year of statewide
property tax relief for Pennsylvania homeowners. This year, $779 million
will be available for property tax relief, including funding for the enhanced
Property Tax/Rent Rebate program.
in the Property Tax Relief Fund as of today is $394.2 million. I am projecting
that an additional $399.1 million in revenue will be deposited into the fund in
the next six months, bringing the total amount in the fund to approximately
$793.3 million by October 15, 2014. This includes a projected balance of $14.3
million in the Property Tax Relief Reserve Fund.
revenues are lower than estimated in the February Governor’s Executive Budget.
If measures for assuring sustainability become necessary, I will notify the
Pennsylvania Gaming Control Board to assess each slot machine licensee for the
repayment of the outstanding loan balances from the Property Tax Relief Reserve
Fund, pursuant to Section 1799-E of Act 46 of 2010. The total outstanding loan
balance from the Property Tax Relief Reserve Fund as of today is $47.9 million.
This balance is due from the slot machine licensees.
amount projected to be in the Property Tax Relief Fund by October 15, 2014,
$29.3 million will be transferred to the Lottery Fund to reimburse costs
related to supplemental property tax rebates. Additionally, $133.5 million will
be transferred to the Lottery Fund for enhancements to the Property Tax/Rent
Rebate program. The 2014-15 fiscal year marks the eighth year of the
enhancements made to the Property Tax/Rent Rebate program.
addition, $21.2 million will be used to reimburse eligible school districts
pursuant to Section 324 of the Taxpayer Relief Act. These are known as Sterling
subtracting the amount of funding required for the Property Tax Relief Reserve
Fund, supplemental funding for the Property Tax/Rent Rebate program and
Sterling Act reimbursements, I certify that $595 million will be available for
statewide property tax relief.
terms of the Taxpayer Relief Act, homeowners will see their property tax
reduction itemized on their tax bill, which school districts will issue this
summer. The amount of property tax relief will vary by school district. The
Department of Education will notify each Pennsylvania school district of its
property tax reduction allocation no later than May 1, as the act requires.
me know if you require any additional information or assistance from my office.
of the Budget