IFO Releases
School District Property Tax Forecast
November 08, 2021 | Property Tax
This report contains the IFO's updated forecast of school district property tax collections from FY 2020-21 to FY 2025-26. This report updates the forecast that the IFO published in February 2021 and includes (1) actual FY 2019-20 current-year property tax collections, (2) the impact from FY 2021-22 millage rates and (3) new wage projections that increase the statewide average weekly wage (SAWW) portion of the Act 1 Index projection.
Property Tax Burden by County
August 25, 2021 | 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 and rank county-level property tax burdens across the state for 2019.
Note: This research brief was originally posted on 8/17/2021. It has been updated to include a map that displays school district property tax burdens by county.
Projecting the Components of the Act 1 Index
March 17, 2021 | Property Tax
Director Matt Knittel made a presentation to PASBO regarding the IFO’s recent computation of the Act 1 Index.
Tags: presentation, property
School District Property Tax Forecast
February 24, 2021 | Property Tax
This report contains the IFO's forecast of school district property tax collections from FY 2019-20 to FY 2025-26. The report also contains projections of the Act 1 index and estimates of school district property taxes attributable to homestead property. (This report was originally posted on February 2, 2021. Based on new data for the 2020 Q4 ECI, which impacts the FY 2020-21 ECI computation, this report was updated and reposted.)
Property Tax by County and Income
April 07, 2020 | Property Tax
This research brief uses data from the U.S. Census Bureau's American Community Survey to provide Pennsylvania property tax data for 2018 by county, household income and homeowner age.
Property Tax Update Presentation
March 13, 2020 | Property Tax
Director Matthew Knittel made a brief presentation to the Pennsylvania School Boards Association on property tax data recently published by the IFO.
Tags: presentation, property
School District Property Tax Forecast
February 06, 2020 | Property Tax
This report contains the IFO's forecasted school district property tax collections from FY 2018-19 through FY 2024-25. The report also contains projections of the Act 1 index and estimates of school district property taxes that can be attributed to homesteads.
Total school property tax collections for FY 2018-19 ($15.0 billion) and FY 2019-20 ($15.3 billion) are estimated using millage rates published by the Pennsylvania Department of Education and property tax assessment data. For FY 2020-21 through FY 2024-25, collections are projected based on the statutory, economic and structural factors that affect growth rates of property taxes. During that period, total school property tax collections are projected to grow at an average annual rate of 3.9 percent, reaching $18.6 billion by FY 2024-25.
Tags: property
School District Property Tax Rebate
November 12, 2019 | Property Tax
In response to a legislative request, the IFO transmitted a letter that analyzes a set of proposed school district property tax rebates for all homestead property owners.
Property Tax Replacement Estimates
October 04, 2019 | Property Tax
In response to a legislative request, the IFO transmitted a letter that provides revenue estimates for various proposed changes to the state tax code affecting personal income and sales and use taxes.
Property Tax Elimination for Senior Homeowners
September 25, 2019 | Property Tax
In response to a legislative request, the IFO transmitted a letter that analyzes a proposal to eliminate all property taxes for senior homeowners with household income of $40,000 or less.