Property Tax Reform

Testimony from Joint Republican and Democratic Policy Discussion - PAR President-Elect Kim Skumanick and Jason Horowitz from Anderson Economic Group
Anderson Economic Group Presentation at the PAR Fall Business Meetings, September 2013

The Pennsylvania Association of Realtors® is committed to real property tax reform in the Commonwealth.

PAR’s Board of Directors voted to support Senate Bill 76 and House Bill 76 at its Fall Business Meetings in Harrisburg. SB 76 and HB 76 propose to eliminate property taxes dedicated to school districts and replace the funding by raising the personal income tax from 3.07 percent to 4.34 percent and increasing and broadening the sales tax from 6 to 7 percent to include previously untaxed items. Based on an economic impact study conducted by Anderson Economic Group, the bill is nearly revenue neutral. PAR is working with the sponsors of the legislation to address drafting errors. Once corrected, PAR's economist believes the bills will be revenue neutral. 

In addition, Keystone Analytics, a wholly owned PAR company, conducted surveys of Pennsylvania voters and determined a majority support property tax reform. Consumers believe property tax reform is important for Pennsylvania.

PAR believes that this reform is important to maintain the real estate industry recovery in the Commonwealth. PAR plans to lead a diverse coalition of home owners, business and industry leaders and professional groups to urge Pennsylvania legislators to pass Senate Bill 76.

Upcoming Events

April 21, 2014
Date: April 21, 2014 Time: 8:30 am - 12:00 pm
Date: April 21, 2014 Time: 1:00 pm - 4:30 pm