Pennsylvania Governor Signs Property Tax Law Establishing Affordable Housing Unit Tax Exemption Act

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July 12, 2022, 5:00 AM

The Pennsylvania Governor July 11 signed a law establishing the Affordable Housing Unit Tax Exemption Act for property tax purposes. The law includes measures: 1) authorizing local taxing authorities to provide tax exemptions for improvements to deteriorated areas and dwellings to incentivize the creation and improvement of affordable housing units; 2) allowing local taxing authorities to limit the maximum amount of real estate taxes that may be refunded or forgiven; and 3) allowing local taxing authorities to provide for tax exemption incentives related to an increase in value of real estate resulting from the construction of affordable housing units or …

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