Homestead and Farmstead Exclusion (Taxpayer Relief Act)
Lowers the assessed value of your home for school property tax (and, where adopted, county or city tax) by a fixed amount set by your school district, paid for mainly with state gaming money. The amount differs by district. Example: in Philadelphia the exemption takes $100,000 off your home's assessed value, saving most homeowners up to $1,399 a year starting in 2025.
- Who qualifies
- You own the home and it is your primary residence (domicile). Condos and co-ops count. Only one primary residence. No age or income test.
- How to apply
- Get the Homestead/Farmstead application from your county assessment office and file it there. In Philadelphia, apply online at the Philadelphia Tax Center, by phone at (215) 686-9200, or by mail to City of Philadelphia, Department of Revenue, P.O. Box 52817, Philadelphia, PA 19115.
- Form
- Application for Homestead and Farmstead Exclusions (county form)
- Deadline
- Apply by March 1 before the school tax year (July 1 or January 1) you want it for. This date is in state law and cannot be extended by the Governor. Philadelphia: December 1 of each year (apply by October 1 to see it on your next bill).
- Renewal
- Generally one-time; school districts must tell you by December 31 if your approval is denied or about to expire, and you must report if the home stops being your primary residence. In Philadelphia you never reapply unless your deed changes (refinancing, adding or removing a co-owner).
- Law
- Taxpayer Relief Act, Act 1 of Special Session 1 of 2006; Homeowner Tax Relief Act (Act 72 of 2004), sec. 341; Philadelphia: Act 50 of 1998
Source: official page