What is an exemption from property taxes?

An exemption from property taxes is when part or all of a property owner’s property tax bill is waived. This waiver is typically referred to as an abatement. To qualify for an exemption in Pennsylvania, the property owner must meet certain criteria. For instance, homeowners in the state may be eligible for exemptions if they are senior citizens, disabled, or veterans, or if their property falls under the Homestead Exemption. Senior citizens aged 65 or older may qualify for exemption on their primary residence if they meet income and asset requirements. Disabled individuals who are permanently and totally disabled may also be able to receive partial or full relief on their primary home. Veterans who have met certain requirements may also be eligible for a 100% exemption on their primary home. The Homestead Exemption, available to all Pennsylvania homeowners, can provide a partial exemption from property taxes. The exemption is based on the assessed value of the property, and the amount of the exemption can vary from year to year. It is important to note that all requests for exemption must be made to the assessor’s office of the municipality where the property is located. The assessor’s office will review the application and make a determination as to whether the property qualifies for exemption.

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