TribLIVE

| News


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

Pittsburgh homeowners would see taxes decrease under new plan

Daily Photo Galleries

Tuesday, May 14, 2013, 11:45 a.m.
 

About 14,000 Pittsburgh homeowners would be affected by a cut in their property tax bills starting in 2015 under legislation proposed to City Council on Tuesday.

Councilman Ricky Burgess of North Point Breeze introduced a measure that would use $7.5 million of about $20 million that Pittsburgh receives each year from the Allegheny County Regional Asset District sales tax to offset the property tax cut. The allocation is separate from a portion of the RAD money that funds libraries, parks and stadiums.

Burgess said the city has been using the $7.5 million to pay off $60 million in bonds the Urban Redevelopment Authority borrowed for economic development projects.

“I believe homeowners in Pittsburgh are overtaxed,” Burgess said. “I am of the belief that all of it should be used for property tax relief.”

However, the URA's acting executive director, Robert Rubinstein, said he would argue that the city borrow more money by issuing bonds. He said URA uses the $60 million Pittsburgh Development Fund to provide loans for projects such as the SouthSide Works, Pittsburgh Technology Center and Crawford Square homes in the Hill District.

The authority could spur development deeper into city neighborhoods with additional funds, he said.

Burgess would use part of the $7.5 million to roll back taxes to 2012 levels for city residents whose tax bills increased this year because of the Allegheny County reassessment. Eligible residents would include those who have owned and lived in their homes for at least 10 years. Those who have owned and lived in their homes for at least five years and received government assistance to purchase them also would be eligible.

An estimated 14,269 residents would be affected by an average $215 decrease in city real estate taxes in the first year, Burgess said. He estimates the total cost in 2015 at $3.1 million.

Bob Bauder is a staff writer for Trib Total Media. He can be reached at 412-765-2312 or bbauder@tribweb.com.

 

 

 
 


Show commenting policy

Most-Read Stories

  1. More companies embrace exchanges to curb health care costs
  2. Navigating how to pay for college a challenge as costs continue to rise and aid varies
  3. White House intrusions reveal problems with security, Secret Service
  4. Hospitals turning to technology to tear down language barriers with patients
  5. London must keep promises to Scotland, former Prime Minister Brown says
  6. Penn State rolls past Massachusetts
  7. Springdale boys collect win in double overtime
  8. Worth of nickel rising in NFL
  9. Amateur radio — in times of trouble or just for fun
  10. The Box
  11. Thanks for the coverage
Subscribe today! Click here for our subscription offers.