Bill > SB393

This bill, known as the Senior Citizens' Property Tax Freeze Act, provides a property tax exemption for seniors 65 years and older who meet specific criteria. To qualify, individuals must currently reside on their residential property, have lived there for at least five consecutive years, not be claiming a similar exemption on another property, and have an annual income of $65,000 or less. Applicants must submit a notarized statement to their local political subdivision with personal information, property details, and income verification. The tax exemption prevents increases in property tax rates for qualifying seniors and will apply starting from the 2026 tax year. If the property is sold or transferred, the exemption will typically terminate, with an exception allowing transfer to another qualifying joint owner who is 64 or older. The Pennsylvania Department of Revenue will annually reimburse political subdivisions for the lost tax revenue resulting from these exemptions. The bill aims to provide financial relief for senior homeowners by protecting them from rising property tax burdens.

Budget and Finance

https://www.legis.state.pa.us/cfdocs/billinfo/bill_history.cfm?syear=2025&sind=0&body=S&type=B&bn=393