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.)