Bill > HB510

This bill creates a "Senior Property Tax Freeze" program in Pennsylvania that would allow eligible senior citizens (age 65 or older) with household incomes not exceeding $80,000 annually to have their real property taxes frozen at the amount they paid in the base year (the year prior to the program's implementation or the year before the applicant's approval). The bill establishes the application process, income eligibility requirements, and duties of the Department of Community and Economic Development to compile and report on the program's performance. The program is set to expire 10 years after its effective date, at which point the General Assembly will review the eligibility criteria and effectiveness of the tax freeze.