State Rep. Dave Reed (R-Dist. 62) Contributed photo
State House Majority Leader Dave Reed (R-Dist. 62) said on Friday that he is scheduling a vote next week on a proposal that would reduce school property taxes statewide.
“The property tax problem has been talked about for decades, and we’ve had enough of the talk. It's time to put up a property tax vote,” Reed said. “Our plan represents a balanced approach with cost controls to ensure the tax reductions stay in place, providing long-term relief for taxpayers.”
Pursuant to the legislation, each new dollar generated would be entirely dedicated to property tax reform. The legislation would change the personal income tax rate to 3.7 percent and the state and use tax rate to 7 percent, without expanding the latter to include currently exempt items. Also, the legislation would generate roughly $5 billion in total relief and include a $125 million expansion of the Property Tax and Rent Rebate Program.
Based on the legislation, average homeowners would see a property tax reduction in the following amounts:
• Blairsville-Saltsburg School District – 73 percent
• Homer-Center School District – 67 percent
• Indiana Area School District – 50 percent
• Marion Center Area School District – 75 percent
• Penns Manor Area School District – 73 percent
• United School District – 73 percent
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