Bill > HB91

This bill amends the Pennsylvania Consolidated Statutes to add a new subchapter providing for a "Senior Property Tax Freeze" program. The key provisions of the bill are: 1) It allows all political subdivisions in Pennsylvania to grant annual property tax freezes to eligible senior citizens (aged 65 or older who have been Pennsylvania residents for at least 5 years) if their household income does not exceed $65,000 or their property taxes exceed 10% of their household income. 2) The tax freeze would lock in the applicant's property tax rate at the base year (the year prior to the first year of the program or the year before the applicant's approval) for as long as they remain eligible. 3) The Department of Community and Economic Development is required to compile and publish an annual report on the program, including the number of participants and the total amount of taxes frozen. 4) The Department must also submit a report to the General Assembly by December 31, 2029 to review the program's eligibility criteria and effectiveness.