Bill > HB1672

This bill amends Pennsylvania's Title 53 (Municipalities Generally) to add a new subchapter providing for a "Senior Property Tax Freeze." The key provisions are: 1. Eligibility - Seniors aged 65 or older who have been Pennsylvania residents for at least 5 years and have a household income not exceeding $65,000 (adjusted annually for inflation) or have property taxes exceeding 10% of their household income. 2. Tax Freeze - Eligible seniors can have their property taxes frozen at the "base year" amount (the year prior to the freeze or the year before the applicant's approval). 3. Administration - The Department of Community and Economic Development will develop a standardized application form, maintain a list of participating municipalities, and report annually on the program's performance and costs. 4. Transferability - The tax freeze can transfer to a new primary residence within the same municipality if the senior remains eligible. The bill aims to provide property tax relief for qualifying senior homeowners in Pennsylvania.