TribLIVE

| News


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Pittsburgh gives final OK to reducing millage rate

About Bob Bauder

Daily Photo Galleries


By Bob Bauder

Published: Tuesday, Jan. 29, 2013, 11:48 a.m.

Pittsburgh City Council on Tuesday gave final approval to legislation reducing the city's real estate millage rate and increasing property discounts for homeowners.

State law required a property tax adjustment this year to prevent a windfall from Allegheny County's court-ordered reassessment, which resulted in the city's total property value increasing by about 49 percent. The real estate tax rate for 2013 will drop from 10.8 to 7.65 mills.

In addition, council approved an increase in the homestead exemption from $10,000 to $15,000 and the Senior Tax Relief Credit from 30 to 40 percent of a property‘s assessed value. The credit applies to people age 54 or older with a household income of less than $30,000.

Allegheny County in December decreased its tax rate from 5.69 to 4.73 mills. This month Pittsburgh Public Schools dropped its tax rate from 13.92 mills to 9.65 mills.

 

 

 
 


Show commenting policy

Most-Read Stories

  1. Garden Q&A: Firecracker vine OK for trellis?
  2. Starkey: Penguins’ arrogance astounding
  3. Matt Calvert’s goal in double OT evens series for Blue Jackets
  4. Penguins’ Gibbons scores twice but leaves with apparent injury
  5. Pair of Braun homers spells defeat for Pirates
  6. 1 dead, 1 wounded in shooting at Chartiers party
  7. NFL notebook: Pryor will be cut if he’s not traded
  8. Draftees’ longevity key for NFL success
  9. Biertempfel: Kendall’s book offers inside look at life in majors
  10. North Versailles, Murrysville families still waiting for report on 2011 chopper crash that killed couple
  11. Patients denied as donor organs discarded
Subscribe today! Click here for our subscription offers.