The referendum, if passed, would amend the Pennsylvania Constitution to allow the legislature to pass new laws regarding your property taxes and will help pave the way for real property tax reduction or elimination.
Currently, the law allows the exclusion up to one-half of the median assessed value of all homestead property.
Allowing school boards, municipalities and counties to have the option to exclude up to 100 percent of the assessed value of a home from taxation will put them in control of their local tax collections and will give relief to many homeowners. If the referendum passes, the state legislature will have to enact further legislation for a change to take effect.
For more information, see our frequently asked questions.
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