IFO Releases
Property Tax Rebate Estimate
March 11, 2015 | Property Tax
Letter providing estimates for a potential proposal to give homestead owners school property tax rebates equal to the statewide average school property tax paid (March 2015).
Updated School District Property Tax Forecast
December 12, 2014 | Property Tax
Letter updating the IFO's forecast of school property tax collections for FY 2013-14 through FY 2019-20 (December 2014).
Fiscal Implications of a York County School District Consolidation
December 12, 2014 | Property Tax
The report provides potential consolidation savings and costs for 15 York County school districts and computes the real estate tax millage using various earned income tax rates and administrative savings scenarios.
Analysis of House Bill 1693 (2013)
December 17, 2013 | Property Tax
Letter providing data on the share of residential and nonresidential property assessments by county (December 2013).
The letter was in response to a request regarding HB 1693, which was a proposed constitutional amendment permitting different millage rates for residential and nonresidential property.
Analysis of school property taxes paid by homeowners age 70 and older
October 29, 2013 | Property Tax
Letter providing an analysis of school property taxes paid by homeowners age 70 and older (October 2013).
The analysis presents a preliminary assessment of data on the cost of a school property tax freeze for those homeowners and a brief discussion of factors that affect the cost of a freeze over the long-term.
Analysis of Proposal to Replace School Property Taxes: House Bill 76 and Senate Bill 76
October 01, 2013 | Property Tax
This report presents the results from an analysis of House Bill 76 and Senate Bill 76 performed by the Independent Fiscal Office (IFO). The proposed legislation eliminates local school district property taxes and replaces those funds with sales and use and personal income taxes, as well as monies redirected from the Property Tax Relief Fund.
- Presentation to the Senate Finance Committee on 10/15/2013.
- Data for the graphs in section 4 of the report that display the annual and cumulative changes in personal income, sales and school property tax collections.
- Introduction, which contains summary results from the report.
Projections of school property taxes paid by Pennsylvania homesteads
September 16, 2013 | Property Tax
Letter containing projections of the school property taxes paid by Pennsylvania homesteads (September 2013).
Analysis of Michigan Property Tax Reform
September 16, 2013 | Property Tax
This report presents the results from an analysis of the Michigan property tax reform known as Proposal A. Enacted in 1994, Proposal A replaced all local property taxes used for school operating purposes with higher sales and use, realty transfer and tobacco taxes. It also created a distinction between homestead and nonhomestead property to facilitate the statewide levy of uniform property taxes on those classes of property. The report makes extensive use of data published by various Michigan executive and legislative agencies to illustrate the impact of property tax reform on tax revenues, millage rates, per pupil funding levels and the property tax base over the past two decades.
Estimate of property taxes paid by Lancaster County homeowners aged 70 and over
June 24, 2013 | Property Tax
Letter containing an estimate of property taxes paid by Lancaster County homeowners aged 70 and over (June 2013).