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Nearly two dozen local Pennsylvania jurisdictions (such as Harrisburg) [20] use two-rate property taxation in which the tax on land value is higher and the tax on improvement value is lower. Pittsburgh used the two-rate system from 1913 to 2001 [21] when a countywide property reassessment led to a drastic increase in assessed land values during ...
Mark Painter. Mark Painter (born August 3, 1957) is a former Democratic member of the Pennsylvania House of Representatives. He represented the 146th District from 2013 until 2015. The district is located in Montgomery County, including Limerick Township, Lower Pottsgrove Township, Perkiomen Township, Trappe, Royersford, and parts of Pottstown .
The Council agreed to [129] a "long term move to a local property tax / land value tax hybrid tax". Its Local Taxation Working Group stated that simple [non-hybrid] land value taxation should itself "not be discounted as an option for local taxation reform: it potentially holds many benefits and addresses many existing concerns".
Feb. 27—HARRISBURG — Property owners in Pennsylvania avoided paying an additional estimated $222 million in school taxes over a nine-year period after state law was amended to further restrict ...
The estate tax is part of the federal unified gift and estate tax in the United States. The other part of the system, the gift tax, applies to transfers of property during a person's life. In addition to the federal government, 12 states tax the estate of the deceased. Six states have "inheritance taxes" levied on the person who receives money ...
t. e. Proposition 13 (officially named the People's Initiative to Limit Property Taxation) is an amendment of the Constitution of California enacted during 1978, by means of the initiative process, to cap property taxes and limit property reassessments to when the property changes ownership, as well as require a 2/3 majority for tax increases ...
The name of the game is passive income. This Pennsylvania trio bought a $100K abandoned school and transformed it into a 31-unit apartment building — here's how to invest in residential real ...
Pennsylvania Real Estate (PEI) delivered FFO and revenue surprises of -39.13% and -10.38%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?