IFO Releases
Act 1 Index Reaches New High
November 28, 2023 | Property Tax
The Act 1 index limits the annual increase in school district millage rates. For FY 24-25, PDE recently certified an all-time high value (5.3%). This report examines the factors that drive that outcome and provides projections through FY 28-29.
Property Tax Burden By County
August 22, 2023 | Property Tax
This research brief uses (1) income data from the Bureau of Economic Analysis and the Internal Revenue Service and (2) property tax data from the Pennsylvania Department of Education and Department of Community and Economic Development to estimate county-level property tax burdens across the state for 2021.
Property Tax/Rent Rebate Expansion
August 09, 2023 | Property Tax
This research brief uses data from the Pennsylvania Department of Revenue, the American Community Survey and Social Security Administration to estimate the impact of the recently enacted expansion of the PTRR program. It provides detail on impact by income level, claimant type and county.
School District Property Tax Update
June 28, 2023 | Property Tax
The IFO released an updated school district property tax forecast. The report (1) projects revenues through FY 2027-28, (2) estimates revenues collected from senior homeowners, (3) ranks counties based on per capita revenues and (4) provides detail on the projected Act 1 index.
Property Tax Rebates for Senior Homeowners
April 13, 2023 | Property Tax
In response to a legislative request, the IFO transmitted a letter that analyzes a proposal to provide property tax rebates for senior homeowners in certain income ranges.
Property Tax Burden by County
September 06, 2022 | Property Tax
This research brief uses (1) income data from the Bureau of Economic Analysis and the Internal Revenue Service and (2) property tax data from the Pennsylvania Department of Education and Department of Community and Economic Development to estimate county-level property tax burdens across the state for 2020.
School District Property Tax Update
August 15, 2022 | Property Tax
The IFO released an updated school district property tax forecast. The report (1) projects revenues through FY 2026-27, (2) estimates revenues collected from senior homeowners, (3) ranks counties based on per capita revenues and (4) provides detail on the projected Act 1 index.
Property Tax Replacement Estimates
May 19, 2022 | Property Tax
In response to a legislative request, the IFO transmitted a letter that provides additional information to a previous analysis for potential property tax replacement revenues proposed under House Bill 13.
Tags: legislative, property, request, tax
Property Tax Replacement Estimates
April 15, 2022 | Property Tax
In response to a legislative request, the IFO transmitted a letter that provides updated estimates for potential revenue sources that could replace school district property taxes if eliminated.
Tags: legislative, property, request, tax
Act 25 of 2011 Analysis
February 16, 2022 | Property Tax
In response to a legislative request, the IFO transmitted a letter that estimates the potential reduction in property taxes due to Act 25 of 2011.