What is a property tax exemption?

A property tax exemption is a reduction in the amount of property taxes that homeowners must pay. In Pennsylvania, certain qualifying properties, such as primary residences and some agricultural properties, may qualify for a property tax exemption. These exemptions are generally intended to reduce the overall financial burden of property taxes for individuals or businesses. In Pennsylvania, a primary residence is eligible for an Homestead Exemption, which grants a property owner a partial exemption on the county portion of their property taxes. The amount of the exemption is determined by county and school district. In addition, there are also agricultural property tax exemptions available in Pennsylvania. Eligible properties are those which are used primarily for agricultural purposes or have been preserved or purchased under the Clean and Green Program. These exemptions may also provide a reduction in the amount of property taxes that must be paid. In general, property tax exemptions are designed to provide financial relief to individuals and businesses who own certain types of property. In Pennsylvania, these exemptions can be beneficial for those who own a primary residence or use their land for agricultural purposes.

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