Homestead properties make up more than half of local property tax bases, report says
Homestead properties make up nearly two-thirds of Westmoreland County's property tax bases and slightly more than half of Allegheny County's base, according to figures released Wednesday by the state Independent Fiscal Office.
The report includes data from 50 the state's 67 counties.
The office and the County Commissioners Association of Pennsylvania compiled the data as a first step in analyzing the impact of the recently passed constitutional amendment that would expand the homestead exclusion.
In Westmoreland County, the 102,449 homestead properties have a total assessed value of $2.4 billion, which is 61 percent of the county's total taxable assessed value of $3.9 billion.
In Allegheny County, the 307,650 homestead properties have a total assessed value of $45.5 billion, which is 55 percent of the county's total taxable assessed value of $83.4 billion.